GATT (General Agreement on Tariffs and Trade)agreement had no enforcement power since the losing party in a dispute was entitled to ignore the ruling.

Question

Quizplus · Accepted Answer

The GATT agreement did not have a formal enforcement mechanism and relied on voluntary compliance by member countries. The losing party could technically ignore the ruling without facing consequences, although doing so could harm their reputation and trade relations with other countries.

GATT (General Agreement on Tariffs and Trade)agreement Had No Enforcement