GATT

1. General Agreement on Tariffs and Trade.

GATT

/ ɡæt /

acronym for

1. General Agreement on Tariffs and Trade: a multilateral international treaty signed in 1947 to promote trade, esp by means of the reduction and elimination of tariffs and import quotas; replaced in 1995 by the World Trade Organization

Example Sentences

The GATT/WTO system doesn’t mandate any particular level of tariffs.

From Seattle Times

Johnson has said that world trade rules include a provision, known as Article 24 of the GATT, that permits trade to continue unchanged between two parties if they so decide.

From Reuters

Johnson has said that world trade rules include a provision, known as Article 24 of the GATT, which permits trade to continue unchanged between two parties if they so decide.

From Reuters

Bhala said the tariffs would almost certainly run afoul of both the North American Free Trade Agreement and the General Agreement on Tariffs and Trade, or GATT.

From Reuters

Today there are only a handful of countries that aren’t members of the World Trade Organization, successor to the GATT.

From Wall Street Journal