(p. 76 With the achievements of the General Agreement on Tariffs and Trade (GATT) and the World Trade Organization (WTO), nearly all barriers to trade expansion are finally removed.

Question

Quizplus · Accepted Answer

While GATT and the WTO have made significant progress towards reducing barriers to trade, not all barriers have been eliminated. Some countries still use non-tariff barriers, such as regulations and subsidies, to limit imports. Additionally, there are ongoing negotiations and disputes over tariffs and other trade restrictions.

(P 76 with the Achievements of the General Agreement on Tariffs