The ____________ subsumed under the World Trade Organization)is a treaty designed to remove barriers to the free flow of goods,services and capital between nations.
A)Global Agreement on Tariffs and Commerce
B)United Nations Treaty on Trade
C)General Agreement on Tariffs and Trade
D)Multinational Agreement on Tariffs and Commerce

Question

Quizplus · Accepted Answer

The General Agreement on Tariffs and Trade (GATT) is a treaty designed to remove barriers to the free flow of goods, services, and capital between nations. It was in effect from 1948 to 1995 and was later replaced by the World Trade Organization (WTO). Options A and D are not correct as there is no Global/Multinational Agreement on Tariffs and Commerce. Option B is also not correct as there is no United Nations Treaty on Trade.

The ____________ Subsumed Under the World Trade Organization)is a Treaty