Which statement about the general agreement on tariffs and trade (gatt) is true quizlet

Q: What is the purpose of the General Agreement on Tariffs and Trade GATT )?

The GATT aimed substantial reduction of tariffs and other trade barriers and the elimination of preferences, on a reciprocal and mutually advantageous basis”, so that the economic recovery after World War II can be boosted.

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Which of the following statements is true of the General Agreement on Tariffs and Trade GATT )?
What is the General Agreement on Tariffs and Trade GATT role quizlet?
Which statement about the General agreement on tariffs and Trades GATT is false?
What is the purpose of the General Agreement on Tariffs and Trade GATT )?

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Which of the following statements is true of the General Agreement on Tariffs and Trade GATT )?

Answer and Explanation: The correct answers are: 1) The GATT was established to reduce barriers to international trade. 2) The GATT was established in 1947.

What is the General Agreement on Tariffs and Trade GATT role quizlet?

The purpose of the General Agreement on Tariffs and Trade (GATT) was to lower trade barriers such as high tariffs on imported goods and restrictions on the number and types of imported products that inhibited the free flow of goods across borders.

Which statement about the General agreement on tariffs and Trades GATT is false?

Which of the following statements about he General Agreement on Tariffs and Trade (GATT) is FALSE? False: according to the GATT, a trade concession to one country did not become a concession to all countries.

What is the purpose of the General Agreement on Tariffs and Trade GATT )?

The GATT aimed “substantial reduction of tariffs and other trade barriers and the elimination of preferences, on a reciprocal and mutually advantageous basis”, so that the economic recovery after World War II can be boosted.