General Agreement on Tariffs and Trade

noun

  • International Law
  • Sale of Goods and Services

Definitions of 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 (replaced by the World Trade Organization in 1995)

    The country has been trying to join the World Trade Organization and its predecessor, the General Agreement on Tariffs and Trade, for more than ten years.

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