This discussion has 3 parts:
The General Agreement on Tariffs and Trade (GATT) was created in 1947 as a multilateral treaty that allows states to enter into “reciprocity and mutual advantage”, in the negotiation of a “substantial reduction in customs tariffs and other impediments to trade.”
- Describe the evolution of the GATT agreement?
- What role does the WTO play in the GATT agreement?
- Describe the primary multilateral trade agreements that are in effect today.
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