Primary navigation:

QFINANCE Quick Links
QFINANCE Topics
QFINANCE Reference

Home > QFINANCE Dictionary > Definition of General Agreement on Tariffs and Trade

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"

Recommended Further Reading (Term count)
  • Globalization, Challenges and Threats—Where Will the WTO and Free Trade Go?
    by Mike Moore
    Mike Moore is the Special Adviser to the UN Global Compact for Business and Development. He was Prime Minister of New Zealand in 1990 and Director-General of the World Trade Organization (WTO) from 1999 to 2002.He has had a distinguished career in politics and was the driving force behind important changes in the WTO. His term at the WTO coincided with momentous changes in the global economy and multilateral trading system. He is widely credited...
  • Staying in the Dark about Derivatives Will Bring Economic Collapse
    by Hernando de Soto
    Hernando de Soto is president of the Institute for Liberty and Democracy (ILD)—headquartered in Lima, Peru—considered by The Economist as one of the two most important think tanks in the world. Currently, he is focused on designing and implementing capital formation programs to empower the poor in Africa, Asia, Latin America, the Middle East, and former Soviet nations. He also co-chaired the Commission on Legal Empowerment of the Poor, and...

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.

Back to top