Which of the following was the first major effort to systematically reduce trade barriers worldwide?
A)WIPO
B)GATT
C)NAFTA
D)WTO

Question

Quizplus · Accepted Answer

GATT (General Agreement on Tariffs and Trade) was the first major effort to systematically reduce trade barriers worldwide. It was established in 1947, and later replaced by the World Trade Organization (WTO) in 1995. WIPO (World Intellectual Property Organization) focuses on the protection of intellectual property rights, NAFTA (North American Free Trade Agreement) is a regional free trade agreement between the United States, Canada, and Mexico.

Which of the Following Was the First Major Effort to Systematically