Question

GATT stands for _______.

• A. General Agreements on Tariffs and Trade
• B. Global Agreements on Trade and Tariffs
• C. General Agreements on Trade and Traffic
• D. Golden Agreements on Trade and Tariff

Answer 1

The correct option is A General Agreements on Tariffs and Trade

GATT stands for General Agreements on Tariffs and Trade. It was drafted in 1947 as a provisional agreement to regulate international trade. It is a legal agreement between many countries. It focuses to remove restriction on international trade.