In 1947,an international agreement was entered into by a multitude of nations,called the:

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The General Agreement on Tariffs and Trade (GATT) was signed in 1947 by a large number of countries with the aim of reducing trade barriers and promoting international trade. GATT was eventually replaced by the World Trade Organization (WTO) in 1995, but many of its principles and agreements were incorporated into the WTO. The other options, such as NAFTA and the IMF Agreement, were signed much later and focused on more specific areas of international trade and finance.

In 1947,an International Agreement Was Entered into by a Multitude