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Question

General Agreement on Tariffs and Trade (GATT) came into existence in ________.

A
1952
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B
1942
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C
1947
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D
1958
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Solution

The correct option is C 1947
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.

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