Which of the following is true of the GATT?
A) The U.S, U.K, and Germany were the original signatories of the GATT.
B) The original agreement provided a process to increase the required tariffs.
C) Member nations seek to resolve their trade disputes unilaterally.
D) The GATT panels have enforcement powers apart from advisory 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 True of the GATT