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General Agreement on Tariffs and Trade (view source)
Revision as of 01:56, February 22, 2021
, 01:56, February 22, 2021→See also
The General Agreement on Tariffs and Trade (GATT) was formed in 1947 to promote economic recovery after [[World War II]] by reducing [[tariffs]] and [[trade quotas]] and [[subsidies]].
The '''General Agreement on Tariffs and Trade''' (GATT) was formed in 1947 to promote economic recovery after [[World War II]] by reducing [[tariffs]] and [[trade quotas]] and [[subsidies]].
From 1947 until 1959 (the [[Torquay round]]), existing tariffs were frozen with respect to listed commodities. From 1959 to 1979, the parties to GATT reduced tariffs. From 1986 to 1994 (the [[Uruguay round]]), the parties expanded the agreement to include agriculture, intellectual property, capital and services.
From 1947 until 1959 (the [[Torquay round]]), existing tariffs were frozen with respect to listed commodities. From 1959 to 1979, the parties to GATT reduced tariffs. From 1986 to 1994 (the [[Uruguay round]]), the parties expanded the agreement to include agriculture, intellectual property, capital and services.
In 1995 the [[WTO]] replaced GATT.
In 1995 the [[WTO]] replaced GATT.
==See also==
*[[War on Sovereignty]]
*[[World Trade Organization]]
*[[Most favored nation]]
[[Category:International Organizations]]
[[Category:Taxation]]