The General Agreement on Tariffs and Trade was the precursor to

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The General Agreement on Tariffs and Trade (GATT) was a global agreement to reduce trade barriers and create a more open international trading system, which was in operation from 1948 to 1995. Its successor organization is the World Trade Organization (WTO), which was established in 1995 to oversee the implementation and enforcement of GATT principles and to provide a forum for negotiating new trade agreements among member countries. The IMF is a separate organization focused on promoting international monetary cooperation and exchange rate stability, while the European Union and NAFTA are regional trade organizations with different membership and goals.

The General Agreement on Tariffs and Trade Was the Precursor