General Agreement on Tariffs and Trade

noun

1. an international organization formed in 1948 to establish common rules governing tariffs and to eliminate restrictive trade practices. : GATT

Example Sentences

Since 1948, trade among market economies has been governed by the General Agreement on Tariffs and Trade, which sets certain ground rules for, um, tariffs and trade.

From Seattle Times

The World Trade Organization, created in 1995 as a successor to the General Agreement on Tariffs and Trade, has seen a slow unraveling — not least because U.S. objections have largely hamstrung its dispute-resolution system.

From Seattle Times

The trade body, created in 1995 as a successor to the General Agreement on Tariffs and Trade, has seen a slow unraveling.

From Seattle Times

The Geneva-based WTO, which was created in 1995 out of the former General Agreement on Tariffs and Trade, has never had a woman director-general or national from Africa as its leader.

From Seattle Times

Jesús Seade Kuri: Mexico’s choice has a long career in trade negotiations stretching back to the days of the General Agreement on Tariffs and Trade, the forerunner to the WTO.

From The Guardian