The General Agreement on Tariffs and Trade is an international agreement
A) to establish the North American continent as a free trade area.
B) to encourage peaceful settlements of trade disputes, but has no particular point of view about the desirability of higher or lower tariffs.
C) to encourage world trade by lowering tariffs and other trade barriers.
D) to make all tariffs illegal.

Question

Quizplus · Accepted Answer

The General Agreement on Tariffs and Trade (GATT) is an international agreement aimed at encouraging world trade by lowering tariffs and other trade barriers. It was signed in 1948 and has undergone numerous revisions and updates, with the most recent being the establishment of the World Trade Organization (WTO) in 1995. The agreement seeks to promote free and fair trade by reducing protectionist measures and allowing for increased movement of goods and services across borders.

The General Agreement on Tariffs and Trade Is an International