General Agreement on Tariffs and Trade (GATT)
- General Agreement on Tariffs and Trade (GATT)
-
Set of multilateral trade agreements aimed at the abolition of quotas and the reduction of
tariff duties among the signing nations.
Originally signed by 23 countries at Geneva in 1947, GATT became the most effective instrument in the massive expansion of world trade in the later 20th century. By 1995, when GATT was replaced by the
World Trade Organization (
WTO), 125 nations had signed its agreements, which governed 90% of world trade. GATT's most important principle was trade without discrimination, in which member nations opened their markets equally to one another. Once a country and its largest trading partners agreed to reduce a tariff, that tariff cut was automatically extended to all GATT members. GATT also established uniform customs regulations and sought to eliminate import quotas. It sponsored many treaties that reduced tariffs, the last of which, signed in Uruguay in 1994, established the WTO.
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Universalium.
2010.
Look at other dictionaries:
General Agreement On Tariffs And Trade - GATT — A treaty created following the conclusion of World War II. The General Agreement on Tariffs and Trade (GATT) was implemented to further regulate world trade to aide in the economic recovery following the war. GATT s main objective was to reduce… … Investment dictionary
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General Agreement on Tariffs and Trade — ( GATT) A treaty adopted by the United Nations aimed at elimination of international trade barriers between member countries. Bloomberg Financial Dictionary * * * General Agreement on Tariffs and Trade General Agreement on Tariffs and Trade ➔… … Financial and business terms
General Agreement on Tariffs and Trade — Dieser Artikel wurde auf der Koordinationsseite des WiwiWiki Projekts gelistet um die Bearbeitung effektiver gestalten zu können. Bitte beteilige dich an der Diskussion. Das Allgemeine Zoll und Handelsabkommen (engl. General Agreement on Tariffs… … Deutsch Wikipedia
General agreement on tariffs and trade — Accord général sur les tarifs douaniers et le commerce Logo du GATT Le General Agreement on Tariffs and Trade (GATT), en français Accord général sur les tarifs douaniers et le commerce, fut signé le 30 octobre 1947 par 23 pays,… … Wikipédia en Français
General Agreement On Tariffs And Trade — A treaty created following the conclusion of World War II. The General Agreement on Tariffs and Trade (GATT) was implemented to further regulate world trade to aide in the economic recovery following the war. GATT s main objective was to reduce… … Investment dictionary
General Agreement on Tariffs and Trade — [ dʒenərəl ə griːmənt ɔn tærɪfs ænd treɪd, englisch], das Allgemeine Zoll und Handelsabkommen, GATT … Universal-Lexikon
General Agreement on Tariffs and Trade — The General Agreement on Tariffs and Trade (typically abbreviated GATT ) was the outcome of the failure of negotiating governments to create the International Trade Organization (ITO). The Bretton Woods Conference had introduced the idea for an… … Wikipedia
Director-General of the General Agreement on Tariffs and Trade — The Director General of the General Agreement on Tariffs and Trade was responsible for supervising the administrative functions of the General Agreement on Tariffs and Trade (GATT). The first Director General, Eric Wyndham White, was appointed on … Wikipedia
General Agreement on Tarifs and Trade — Accord général sur les tarifs douaniers et le commerce Logo du GATT Le General Agreement on Tariffs and Trade (GATT), en français Accord général sur les tarifs douaniers et le commerce, fut signé le 30 octobre 1947 par 23 pays,… … Wikipédia en Français
