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Question

When was GATT established?

A
1936
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B
1940
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C
1948
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D
1944
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Solution

The correct option is C 1948

GATT stands for General Agreement on Tariffs and Trade. It is a multinational agreement on international trade. The main aim of GATT is reduction of tariffs and trade barriers across different nations with mutual understanding. It came to existence from January 1st 1948.


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