Which of the following is a disadvantage of the General Agreement on Tariffs and Trade's (GATT's)policies?
A) It increased the average trade tariffs among developed countries.
B) Non-tariff barriers that were easy to verify and challenge were removed.
C) It abolished the Multifiber Arrangement (MFA)designed to promote free trade in textiles.
D) Trade in services and intellectual property (IP)protection was not covered.

Question

Quizplus · Accepted Answer

GATT primarily focused on trade in goods and did not initially cover trade in services or intellectual property protection, which was seen as a limitation.

Which of the Following Is a Disadvantage of the General