What Does GATT Stand For?
GATT stands for General Agreement On Tariffs And Trade
The General Agreement on Tariffs and Trade (GATT) is a multilateral treaty established in 1947 aimed at promoting international trade by reducing or eliminating trade barriers such as tariffs and quotas. It provides a framework for negotiating trade agreements and resolving trade disputes among member countries, fostering a more open and equitable trading system globally. GATT was instrumental in the evolution of the World Trade Organization (WTO) in 1995, which built upon its principles to further enhance global trade governance.
Added on 14th April 2008 | Last edited on 16th June 2025 | Edit Acronym