General Agreement on Tariffs and Trade

 

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General Agreement on Tariffs and Trade

A multilateral treaty entered into in 1948 by the intended members of the International Trade Organization, the purpose of which was to implement many of the rules and negotiated tariff reductions that would be overseen by the ITO. With the failure of the ITO to be approved, the GATT became the principal institution regulating trade policy until it was subsumed within the WTO in 1995.

General Agreement on Tariffs and Trade

A trade agreement between a large number of countries, dating back to 1948, which was set up to improve trading world wide and to work towards the reduction of tariff barriers.



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Further Suggestions

Cartagena Agreement
Multilateral agreement
Tolling agreement
Rights Agreement (aka "Poison Pill")
Agreement in principle
Bretton Woods Agreement
Smithsonian Agreement
Reciprocal trade agreement
Investment agreement
Concession agreement
Plurilateral agreement
Note agreement
Forward rate agreement (FRA)
Preferred stock agreement
Standby agreement
Standstill agreement
Buttonwood Agreement
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mortgage agreement in principle
knock for knock agreement
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Selected dealer agreement
Bilateral agreement
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