The __________,which was later replaced by the WTO,was designed to lower trade barriers.

Question

Quizplus · Accepted Answer

GATT (General Agreement on Tariffs and Trade) was designed to lower trade barriers, particularly tariffs, in order to promote international trade. It was replaced by the World Trade Organization (WTO) in 1995, which continued its mission of reducing barriers to trade. The other options listed (World Bank, European Union, NAFTA, IMF) are not directly related to the reduction of trade barriers.

The __________,Which Was Later Replaced by the WTO,was Designed to Lower