The General Agreement on Tariffs and Trade (GATT) was a treaty designed to promote free trade by reducing both tariffs and nontariff barriers to international trade.

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The statement is true. The GATT was created in 1947 with the goal of reducing barriers to international trade through negotiations and agreements among member countries. It was replaced by the World Trade Organization (WTO) in 1995.

The General Agreement on Tariffs and Trade (GATT) Was a Treaty