The purpose of the General Agreement on Tariffs and Trade (GATT)was to ________.
A) create an international currency
B) regulate exchange rates
C) create regional trade organizations
D) promote free trade

Question

Quizplus · Accepted Answer

The purpose of the General Agreement on Tariffs and Trade (GATT) was to promote free trade. GATT was created in 1947 with the objective of reducing trade barriers between member countries and promoting international trade. Its successor, the World Trade Organization (WTO), continues to work towards this goal today.

The Purpose of the General Agreement on Tariffs and Trade