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General Agreement on Tariffs and Trade

American  

noun

  1. an international organization formed in 1948 to establish common rules governing tariffs and to eliminate restrictive trade practices. GATT


Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

Since 1948, trade among market economies has been governed by the General Agreement on Tariffs and Trade, which sets certain ground rules for, um, tariffs and trade.

From Seattle Times • Dec. 13, 2022

Jesús Seade Kuri: Mexico’s choice has a long career in trade negotiations stretching back to the days of the General Agreement on Tariffs and Trade, the forerunner to the WTO.

From The Guardian • Sep. 1, 2020

After the war the U.S. led a world-wide reduction in global trade barriers via pacts such as the General Agreement on Tariffs and Trade, which became the World Trade Organization.

From The Wall Street Journal • Jul. 20, 2018

In 1947, 23 nations signed on to the General Agreement on Tariffs and Trade, and in 1994, 123 nations signed on to the more sweeping World Trade Organization.

From Washington Post • Mar. 8, 2018

The term "GATT 1994" means the General Agreement on Tariffs and Trade annexed to the WTO Agreement.

From Copyright Law of the United States of America and Related Laws Contained in Title 17 of the United States Code, Circular 92 by United States

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