The ________ sought to eliminate trade barriers such as tariffs and quotas.
A) North American Free Trade Agreement (NAFTA)
B) Fair Labor Standards Act (FLSA)
C) General Agreement on Tariffs and Trade (GATT)
D) European Union (EU)

Question

Quizplus · Accepted Answer

The General Agreement on Tariffs and Trade (GATT) was a multilateral trade agreement signed in 1947 with the goal of reducing trade barriers, such as tariffs and quotas, among its member countries. The agreement was eventually replaced by the World Trade Organization (WTO) in 1995, which continues to promote free trade and reduce barriers to international commerce. The other choices, NAFTA, FLSA, and EU, do not specifically address the elimination of trade barriers.

The ________ Sought to Eliminate Trade Barriers Such as Tariffs