Which of the following is NOT true of the GATT?
A) The United States and 22 other countries signed the GATT shortly after World War II.
B) The GATT paved the way for the first effective worldwide tariff agreement.
C) Member nations seek to resolve their trade disputes unilaterally.
D) The GATT panels are only advisory and have no enforcement powers.
E) It created an agency to serve as watchdog over world trade.

Question

Quizplus · Accepted Answer

Member nations seek to resolve their trade disputes bilaterally; if that fails, special GATT panels are set up to recommend action.

Which of the Following Is NOT True of the GATT