General Agreement on Tariffs and Trade


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Related to General Agreement on Tariffs and Trade: International Monetary Fund, World Trade Organization
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Noun1.General Agreement on Tariffs and Trade - a United Nations agency created by a multinational treaty to promote trade by the reduction of tariffs and import quotas
UN agency, United Nations agency - an agency of the United Nations
References in periodicals archive ?
An interim agreement, known as the General Agreement on Tariffs and Trade (1947), was reached in 1947.
This export incentive was intended to replace the domestic international sales corporation (DISC) and satisfy the "substance" requirements of the General Agreement on Tariffs and Trade (GATT).
The World Trade Organization is the five-year-old successor to the General Agreement on Tariffs and Trade (GATT), established after World War II to facilitate free flow of global commerce and prevent the protectionism that fostered the Great Depression.
The WTO was created in 1995 to replace an even more obscure mechanism called the General Agreement on Tariffs and Trade (GATT), which was formed in 1947 along with the International Monetary Fund and World Bank.
The new system gives Japan the ability to slow the pace of rice imports that was agreed upon at the Uruguay Round farm trade liberalization talks held under the auspices of the General Agreement on Tariffs and Trade, the WTO's predecessor.
Ms Barshefsky said the sanctions list was announced after six years of failed attempts to get Europe to comply with rulings by the World Trade Organisation and the General Agreement on Tariffs and Trade.
Fierce competition at home, the prospects of new opportunities overseas and a surge of trade liberalization initiatives, such as the Customs Modernization and Informed Compliance Act, the North American Free Trade Agreement (NAFTA) and the General Agreement on Tariffs and Trade (GATT), are forcing small and midsize companies to look across borders to market and sell their products and services.
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