The acronym GATT stands for the___________ .
A) Global Agreement on Temporal Trade
B) Governing Agreement on Trade and Transactions
C) General Agreement on Tariffs and Trade
D) Government Aid of Trade and Transactions
E) Global Arrangement for Trade and Taxes

Question

The acronym GATT stands for the___________  .
A) Global Agreement on Temporal Trade
B) Governing Agreement on Trade and Transactions
C) General Agreement on Tariffs and Trade
D) Government Aid of Trade and Transactions
E) Global Arrangement for Trade and Taxes

Quizplus · Accepted Answer

GATT stands for General Agreement on Tariffs and Trade. It is a multilateral agreement governing international trade that was in effect from 1948 until 1995, when it was replaced by the World Trade Organization (WTO). GATT aimed to promote free trade by reducing tariffs and other trade barriers between member countries.

The Acronym GATT Stands for The___________