The General Agreement on Tariffs and Trade Is Signed
At a glance:
- Series: Great Events from History II: Business and Commerce Series
- Categories: Government and Politics, Diplomacy, International Relations, Foreign Affairs, Economics
- Subcategories: Business, Trade, Commerce, Organizations, Agencies, Institutions, Treaties, Agreements, Negotiations
- Curriculum: American History 1901-1950, 20th & 21st Century European History, British History
- Geographical Location: Geneva
- Date: October 30, 1947
Article abstract: The General Agreement on Tariffs and Trade (GATT) set basic rules under which open and nondiscriminatory trade can take place.
Summary of Event
On October 30, 1947, representatives of twenty-three countries, meeting in Geneva, Switzerland, signed the General Agreement on Tariffs and Trade (GATT) to reduce trade barriers among signatory nations. GATT was an attempt to combat the rise of worldwide protectionism that had preceded World War II. By providing a set of rules for open and nondiscriminatory trade and a mechanism to implement...
[The entire page is 2094 words long]
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