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

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Example Sentences

The trade body, created in 1995 as a successor to the General Agreement on Tariffs and Trade, has seen a slow unraveling.

From Seattle Times • Jun. 10, 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

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

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

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