General Agreement on Tariffs and Trade (GATT)

Definition of "General Agreement on Tariffs and Trade (GATT)"
  1. A free-trade treaty signed by many developed nations aiming for equal import and export tariffs, basic copyright protection, and peaceful resolution of differences. It established the World Trade Organization to enforce compliance
How to use "General Agreement on Tariffs and Trade (GATT)" in a sentence
  1. The General Agreement on Tariffs and Trade (GATT) helps in maintaining a fair international trading system.
  2. Under the General Agreement on Tariffs and Trade (GATT), nations agree to resolve their trade disputes in a peaceful manner.
  3. The General Agreement on Tariffs and Trade (GATT) formed the foundation of the World Trade Organization.
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