An international agreement from 1947 designed to lower tariffs was
A) the General Agreement on Tariffs and Trade.
B) the World Trade Organization.
C) the World Agreement on Tariffs and Trade.
D) the Trade and Tariff Agreement.

Question

Quizplus · Accepted Answer

The General Agreement on Tariffs and Trade (GATT) was established in 1947 to reduce trade barriers among member countries through the reduction of tariffs and other trade barriers. It was replaced by the World Trade Organization in 1995.

An International Agreement from 1947 Designed to Lower Tariffs Was