The ________, established in 1947 and modified in 1994, was designed to promote world trade by reducing tariffs and other international trade barriers.
A) WTO
B) NAFTA
C) EU
D) CAFTA-DR
E) GATT

Question

Quizplus · Accepted Answer

The General Agreement on Tariffs and Trade (GATT) was established in 1947 and revised in 1994 as part of the foundation of the World Trade Organization (WTO), which is responsible for administering and enforcing international trade agreements. The primary objective of GATT was to encourage international trade by reducing trade barriers such as tariffs, quotas, and other restrictions.

The ________, Established in 1947 and Modified in 1994, Was