In 1948, the _____ established the rules for international trade in the postwar world.
A) General Agreement on Tariffs and Trade
B) World Trade Organization
C) International Organization for Standardization
D) Bretton Woods system
E) Omnibus Foreign Trade and Competitiveness Act

Question

Quizplus · Accepted Answer

The General Agreement on Tariffs and Trade (GATT) was established in 1948 to reduce trade barriers and establish rules for international trade in the postwar world. It was later replaced by the World Trade Organization (WTO) in 1995.

In 1948, the _____ Established the Rules for International Trade