The General Agreement on Tariffs and Trade (GATT)
A)Encourages trade restrictions.
B)Committed GATT members to a reduction of protectionism.
C)Established the European Common Market.
D)Has now eliminated all nontariff barriers to trade.

Question

Quizplus · Accepted Answer

The General Agreement on Tariffs and Trade (GATT) committed its member countries to reducing protectionism and eliminating restrictions on international trade. GATT was intended to promote free trade by reducing tariffs and other barriers to trade, and it served as the framework for international trade until it was replaced by the World Trade Organization (WTO) in 1995. The elimination of nontariff barriers to trade is an ongoing process and has not been fully achieved.