The General Agreement on Tariffs and Trade (GATT)is an international framework of rules for reducing trade barriers across countries around the world.

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The statement is true. The General Agreement on Tariffs and Trade (GATT) was signed in 1947 as an international framework of rules for reducing trade barriers across countries around the world. It was replaced by the World Trade Organization (WTO) in 1995, but many of its principles and rules are still in effect.

The General Agreement on Tariffs and Trade (GATT)is an International