What Does GATT Stand For?
GATT stands for General Agreement Of Tariffs And Trade
GATT, or General Agreement on Tariffs and Trade, is a multilateral treaty aimed at promoting international trade by reducing trade barriers such as tariffs and quotas. Established in 1947, GATT serves as a framework for negotiating trade agreements and aims to create a fair and predictable trading environment among its member countries. It played a pivotal role in the development of the global trading system until it was succeeded by the World Trade Organization (WTO) in 1995, which incorporated and expanded upon GATT principles.
Added on 27th September 2008 | Last edited on 16th June 2025 | Edit Acronym