The ____________ was a multilateral agreement whose objective was to liberalize trade by eliminating tariffs,subsidies,import quotas,and the like.

Question

Quizplus · Accepted Answer

The General Agreement of Tariffs and Trade (GATT) was a multilateral agreement signed in 1947 with the objective of promoting international trade and reducing barriers to trade. The agreement sought to achieve this objective by eliminating tariffs, import quotas, subsidies, and other trade-related barriers. The GATT was later replaced by the World Trade Organization in 1995, which continues to promote free and fair trade among its member countries.

The ____________ Was a Multilateral Agreement Whose Objective Was to Liberalize