The__________is a worldwide trade agreement that reduced and eliminated tariffs, limited government subsidies, and established protections for intellectual property.
A) Asia-Pacific Economic Cooperation
B) General Agreement on Tariffs and Trade
C) Free Trade Agreement
D) Maastricht Treaty

Question

Quizplus · Accepted Answer

The General Agreement on Tariffs and Trade (GATT) was a worldwide trade agreement that aimed to reduce and eliminate tariffs, limit government subsidies, and establish protections for intellectual property. It was in effect from 1948 until 1995, when it was replaced by the World Trade Organization (WTO).

The__________is a Worldwide Trade Agreement That Reduced and Eliminated Tariffs