Which of the following statements is true of the General Agreement on Tariffs and Trade (GATT) treaty?
A) It was created with the motive to increase import and export tariffs.
B) It was intended to reduce free trade in favor of protectionism.
C) It provided a multilateral forum to resolve trade disputes between member countries.
D) It encouraged countries to buy only from preferred partners.

Question

Quizplus · Accepted Answer

The General Agreement on Tariffs and Trade (GATT) was established to provide a multilateral forum where member countries could negotiate trade agreements and resolve disputes, aiming to reduce tariffs and other trade barriers.

Which of the Following Statements Is True of the General