Which statement about the General Agreement on Tariffs and Trade (GATT) is true?
A) More than 100 nations abided by its rules.
B) It was originally signed by 30 nations in 1947.
C) It sponsored rounds of negotiations aimed at increasing trade restrictions.
D) The Uruguay Round promoted dumping.
E) The most recent round was the Paraguay Round (2001-2005).

Question

Quizplus · Accepted Answer

The General Agreement on Tariffs and Trade (GATT), originally signed by 23 nations in 1947, provided a forum for tariff negotiations and a place where international trade problems could be discussed and resolved. More than 100 nations abided by its rules. GATT sponsored rounds of negotiations aimed at reducing trade restrictions. The most recent round, the Uruguay Round, further reduced trade barriers for most products and provided new rules to prevent dumping.

Which Statement About the General Agreement on Tariffs and Trade