What Is the General Agreement on Tariffs & Trade?

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In 1947, the GATT was formed as a multilateral agreement among countries. The original plan had been to create an international trade organization, but the countries of the world were not successful in this until many years after the GATT began. It
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What Is the General Agreement on Tariffs & Trade?
The General Agreement on Tariffs and Trade (GATT) began as a multilateral agreement between nations that acted very much like a world trade organization in practice. It has since been replaced by the World Trade Organization (WTO) but remains in affect... More »
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GATT, the General Agreement on Tariffs and Trade, was formed in
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to expand world trade by reducing tariffs.
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Definition: The General Agreement on Tariffs and Trade (GATT) provided global trade rules as well as a framework for trade disputes from 1948 to 1994. It was one of three Bretton
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In 1947, the GATT was formed as a multilateral agreement among countries. The original plan had been to create an international trade organization, but the countries ...
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