The advanced industrial nations of the West committed themselves after World War II to removing barriers to the free flow of goods,services,and capital between nations.This goal was enshrined in the:
A) Inter-American Treaty of Reciprocal Assistance.
B) Comprehensive Economic Partnership Agreement.
C) General Agreement on Tariffs and Trade.
D) North American Free Trade Agreement.
E) United Nations charter.

Question

Quizplus · Accepted Answer

The General Agreement on Tariffs and Trade (GATT) was created in 1947 with the goal of promoting free trade by reducing barriers such as tariffs and quotas between member countries. The agreement was eventually replaced by the World Trade Organization (WTO) in 1995 but the principles of free trade remain. The other choices (A, B, D, E) do not directly relate to the promotion of free trade between nations.

The Advanced Industrial Nations of the West Committed Themselves After