GATT
95
6.5
- noun
- /ɡæt/
:
Acuerdo General sobre Aranceles y Comercio
- Many of us felt that they were fully consistent with U.S. obligations under the GATT at that time.
- tariffs under GATT
- trade under GATT
- a GATT round
Examples
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Then, we will consider the future ramifications of the GATT Uruguay Round and the U.S.-Mexico Free Trade Agreement.
Academic text (1991) -
A number of rulings were issued under the GATT with respect to various Members' internal tax systems.
Fiction book (2000) -
National treatment, as codified in the GATT, is an accepted obligation of both Canada and the United States.
Academic text (1991) -
The new institutional framework would have to be either a completely overhauled GATT or some substitute for it.
Academic text (1990) -
The current Uruguay Round marks the latest opportunity to modernize and improve the GATT in response to these changing circumstances.
Academic text (1992) -
At least seven GATT provisions can be invoked to address trade-related environmental issues.
Academic text (1992) -
The creation of the General Agreement on Tariffs and Trade (GATT), the Marshall Plan, and NATO reflected this change.
Academic text (2013) -
The GATT agreement has played a crucial role in reducing trade barriers among member countries.
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Many nations joined the GATT to promote international trade and economic cooperation.
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The GATT aimed to create a fair trading system by limiting tariffs and import quotas.
Synonyms
1
5.3
An international agreement from 1947 to reduce taxes on imports and other trade barriers
Surface Forms
Etymology
GATT is an acronym for General Agreement on Tariffs and Trade, a post-war deal to lower 'tariffs' (taxes on imports) so countries could trade more easily. That's why GATT refers to the international rules and the old agency that helped open up world trade.