In 2008 and 2009, the GATT became the forum though which major nations attempted to launch a coordinated policy response to the global financial crisis, which started in America.

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The GATT (General Agreement on Tariffs and Trade) ceased to exist in 1994 and was replaced by the World Trade Organization (WTO). While the WTO did play a role in responding to the global financial crisis, it was not the primary forum for coordinating policy responses. The G20 and other organizations such as the International Monetary Fund (IMF) were more instrumental in these efforts.

In 2008 and 2009, the GATT Became the Forum Though