The ________ involves an international framework of rules and principles for reducing trade barriers across countries around the world.
A)European Economic Community (EEC)
B)North American Free Trade Agreement (NAFTA)
C)General Agreement on Tariffs and Trade (GATT)
D)Association of Southeast Asian Nations (ASEAN)
E)International Monetary Fund (IMF)

Question

Quizplus · Accepted Answer

The General Agreement on Tariffs and Trade (GATT) is an international framework of rules and principles for reducing trade barriers across countries around the world. It was signed in 1947 and replaced by the World Trade Organization (WTO) in 1995. The GATT aimed to promote international trade by reducing tariffs, quotas, and other trade barriers while also providing a mechanism for resolving trade disputes between countries.

The ________ Involves an International Framework of Rules and Principles