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Question

A sole objective of GATT set up is _______________________.

A
to reduce barriers of international trade
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B
to create international peace
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C
to develop underdeveloped/developing countries
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D
to boost Tariff and non-Tariff Trade
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Solution

The correct option is A to reduce barriers of international trade
GATT's main objective was to reduce barriers to international trade through the reduction of tariffs, quotas and subsidies.
The WTO replaced GATT as an international organization in 1995.

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