GATT

American  

1. General Agreement on Tariffs and Trade.

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GATT British  

/ ɡæt /

acronym

1. General Agreement on Tariffs and Trade: a multilateral international treaty signed in 1947 to promote trade, esp by means of the reduction and elimination of tariffs and import quotas; replaced in 1995 by the World Trade Organization

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Example Sentences

Like GATT, the intent of the WTO was to support international trade, reduce trade barriers, and resolve trade disputes between countries.

From Textbooks • Dec. 14, 2022

Bhala said the tariffs would almost certainly run afoul of both the North American Free Trade Agreement and the General Agreement on Tariffs and Trade, or GATT.

From Reuters • May 31, 2019

At the 1947 conference that formulated GATT, the U.S. delegate, J.M.

From Slate • Mar. 19, 2018

They saw the wider benefits of the GATT, including its effect on European reconstruction and America’s geopolitical alliances.

From Economist • Nov. 2, 2017

The success of the plan in meeting its goals for 1995 and beyond depends largely on the success of the administration in reforming the labor code and instituting the reforms necessary to join the GATT.

From The 1995 CIA World Factbook by United States. Central Intelligence Agency