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Definition of

General Agreement on Tariffs and Trade

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 "General Agreement on Tariffs and Trade"

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

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