Which of the following was the prime objective of the General Agreement on Tariffs and Trade, or the GATT?

Form trade blocs

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Offer financial assistance during emergencies

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Boost international trade by reducing restrictions

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Provide assistance to the developing countries

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Solution

The correct option is C Boost international trade by reducing restrictions
Efforts to establish the General Agreement on Tariffs and Trade or the GATT started in 1947. Its primary objective was to increase international trade by reducing trade restrictions and establish a regulatory framework. India was one of the initial members of this framework.

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