What was the first major trade agreement of the twentieth century to establish rules and guidelines for global commerce?
A) NAFTA (North American Free Trade Agreement)
B) GATT (General Agreement on Tariffs and Trade)
C) FTAA (Free Trade Area of the Americas)
D) APEC (Asia Pacific Economic Cooperation)

Question

Quizplus · Accepted Answer

The General Agreement on Tariffs and Trade (GATT) was established in 1947 as the first major global trade agreement to set rules and guidelines for international commerce, aiming to reduce tariffs and other trade barriers.

What Was the First Major Trade Agreement of the Twentieth