GATT is a treaty designed to promote world trade by reducing tariffs and other international trade barriers.

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GATT (General Agreement on Tariffs and Trade) was signed on October 30, 1947, with the aim of reducing tariffs and other trade barriers between member countries and promoting international trade. Over time, GATT evolved into the World Trade Organization (WTO) in 1995, but its purpose remained the same - to facilitate free trade between countries.

GATT Is a Treaty Designed to Promote World Trade by Reducing