What is GATT?

2. What is GATT?

  1. A pact eliminating most trade barriers between the U.S., Canada, and Mexico
  2. Political and economic union
  3. Regional intergovernmental organization
  4. A legal agreement between many countries

Answer: D) A legal agreement between many countries

Explanation:

The General Agreement on Tariffs and Trade (GATT), endorsed on October 30, 1947, by 23 nations, was a legitimate arrangement limiting obstructions to global exchange by taking out or lessening standards, duties, and endowments while protecting huge guidelines. The GATT was planned to help monetary recuperation after World War II through reproducing and changing worldwide exchange.

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