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

Although GATT and the WTO have certainly helped eliminate many international trade problems and disputes, others still remain. For example, WTO did not resolve many of the legal and regulatory problems that impede trade expansion.

With the Achievements of the General Agreement on Tariffs and Trade