Contact Us

If you still have questions or prefer to get help directly from an agent, please submit a request.
We’ll get back to you as soon as possible.

Please fill out the contact form below and we will reply as soon as possible.

  • Courses
  • Home
  • Business Management & Operations
  • Global Business, International Law & Relations

General Agreement on Tariffs and Trade (GATT) - Explained

What is the GATT?

Written by Jason Gordon

Updated at April 25th, 2022

Contact Us

If you still have questions or prefer to get help directly from an agent, please submit a request.
We’ll get back to you as soon as possible.

Please fill out the contact form below and we will reply as soon as possible.

  • Marketing, Advertising, Sales & PR
    Principles of Marketing Sales Advertising Public Relations SEO, Social Media, Direct Marketing
  • Accounting, Taxation, and Reporting
    Managerial & Financial Accounting & Reporting Business Taxation
  • Professionalism & Career Development
  • Law, Transactions, & Risk Management
    Government, Legal System, Administrative Law, & Constitutional Law Legal Disputes - Civil & Criminal Law Agency Law HR, Employment, Labor, & Discrimination Business Entities, Corporate Governance & Ownership Business Transactions, Antitrust, & Securities Law Real Estate, Personal, & Intellectual Property Commercial Law: Contract, Payments, Security Interests, & Bankruptcy Consumer Protection Insurance & Risk Management Immigration Law Environmental Protection Law Inheritance, Estates, and Trusts
  • Business Management & Operations
    Operations, Project, & Supply Chain Management Strategy, Entrepreneurship, & Innovation Business Ethics & Social Responsibility Global Business, International Law & Relations Business Communications & Negotiation Management, Leadership, & Organizational Behavior
  • Economics, Finance, & Analytics
    Economic Analysis & Monetary Policy Research, Quantitative Analysis, & Decision Science Investments, Trading, and Financial Markets Banking, Lending, and Credit Industry Business Finance, Personal Finance, and Valuation Principles
  • Courses
+ More

Table of Contents

What is the General Agreement On Tariffs And Trade (GATT)?Academic Research on the General Agreement on Tariffs and Trade (GATT)

What is the General Agreement On Tariffs And Trade (GATT)?

The General Agreement on Tariffs and Trade (GATT) is a multilateral trade agreement signed by 23 countries for promoting international free trade. 

The Council for Trade in Goods (Goods Council), a sub-group in the World Trade Organization, is responisble for administering GATT. The Goods Council has 10 committees dealing with the following topics: agriculture, market access, subsidies,        anti-dumping measures, state trading enterpises, etc. 

The agreement was signed in Geneva on October 30, 1947, between the 23 nations and it came into effect from January 1, 1948. The purpose of the agreement was to promote international trade of goods, services, and intellectual properties by reducing or eliminating the tariffs, duties, and quotas. 

Back to: INTERNATIONAL BUSINESS, LAW, & RELATIONS

Related Topics

  • WTO
  • General Agreement on Free Tariff and Trade (GATT)
  • International Monetary Fund
  • World Economic Forum
  • Inter-American Development Bank
  • Davos World Economic Forum 
  • Chamber of Commerce
  • Jackson Hole Economic Symposium


general agreement on tariffs and trade gatt

Was this article helpful?

Yes
No

Related Articles

  • Acculturation - Explained
  • Calvo Clause or Calvo Doctrine - Explained
  • Temporal Method - Explained
  • Remittance - Explained



©2011-2021. The Business Professor, LLC.
  • Privacy

  • Questions

Definition by Author

0
0
Expand