The primary function of the General Agreement on Tariffs and Trade (GATT)has been to limit trade barriers and promote world trade through the:

Question

Quizplus · Accepted Answer

The primary function of GATT has been to reduce tariffs, which are taxes imposed on imported goods. GATT aimed to lower trade barriers and promote world trade by negotiating and implementing trade agreements among member countries. While GATT did address non-tariff barriers, it primarily focused on reducing tariffs. The establishment of an international Board of Commerce or equalization of international quotas on manufactured goods were not functions of GATT.

The Primary Function of the General Agreement on Tariffs and Trade