Sixty years after the signing of GATT and following eight completed round of trade negotiations,

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Since the signing of GATT (General Agreement on Tariffs and Trade) and eight rounds of trade negotiations, trade barriers have been successfully reduced. This is evidenced by the ongoing efforts of countries to negotiate and sign new trade agreements such as NAFTA (North American Free Trade Agreement) and the Trans-Pacific Partnership to further reduce barriers to trade. While some barriers do still exist, overall there has been a significant reduction in trade barriers since GATT was signed 60 years ago.

Sixty Years After the Signing of GATT and Following Eight