The agreement framework signed after World War II that was the basis for an era in which tariffs and other trade barriers were significantly reduced in much of the world was called ______.
A) GATT
B) NASA
C) NAFTA
D) WTO

Question

Quizplus · Accepted Answer

GATT (General Agreement on Tariffs and Trade) was signed after World War II and was the basis for an era of reduced trade barriers. NASA (National Aeronautics and Space Administration) and NAFTA (North American Free Trade Agreement) are not related to this agreement, while the WTO (World Trade Organization) was established in 1995 to oversee the implementation of GATT and other international trade agreements.

The Agreement Framework Signed After World War II That Was