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Definition of


International Trade

international treaty promoting multilateral trade a treaty signed in Geneva in 1947 that aimed to foster multilateral trade and settle trading disputes between adherent countries. Initially signed by 23 nations, it started to reduce trade tariffs and, as it was accepted by more and more countries, tackled other barriers to trade. It was replaced on January 1, 1995, by the World Trade Organization.

Related definitions of "GATT"

Definitions of ’GATT’ and meaning of ’GATT’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’GATT’ and other financial terms with our online QFINANCE Financial Dictionary.

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