GATT

This refers to the General Agreement on Tariffs and Trade.

GATTwas established in 1947 in order to overcome significant international barriers to trade which existed at the time. It instituted a rule-based multilateral system for trade in both goods and services through a series of negotiations (called ’rounds’). In 1995 GATT was replaced by World Trade Organization (WTO).

GATT Business Meaning

GATT is a term normally found in business economics and financial management.

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