The purpose of the General Agreement on Tariffs and Trade (GATT) was to:
A) encourage worldwide trade.
B) prevent wars based on trade issues.
C) create intellectual property regulations.
D) extend lowinterest loans to nations to promote trade.

Question

The purpose of the General Agreement on Tariffs and Trade (GATT) was to:
A) encourage worldwide trade.
B) prevent wars based on trade issues.
C) create intellectual property regulations.
D) extend low­interest loans to nations to promote trade.

Quizplus · Accepted Answer

The GATT was created to promote international trade by reducing trade barriers such as tariffs and quotas. It aimed to create a more open and fair global trading system, which would encourage worldwide trade.

The Purpose of the General Agreement on Tariffs and Trade