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The General Agreement on Tariffs and Trade Is

Question 106

Multiple Choice

The General Agreement on Tariffs and Trade is


A) a multilateral agreement dating back to the 1940s that,through numerous rounds of trade negotiations,led to reduced tariffs and quotas among many countries.
B) a multilateral agreement dating back to the 19th century that led to increased tariffs and quotas among many countries.
C) the 1994 agreement between Canada,the United States,and Mexico to eliminate tariffs and other trade restrictions between the countries.
D) the 1957 agreement between the countries of the European Economic Community to eliminate tariffs and other trade restrictions between the countries and to agree to a common set of trade barriers to imports from outside countries.
E) the 1991 agreement involving Argentina,Brazil,Paraguay,and Uruguay to eliminate tariffs and other trade restrictions between the countries.

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