What Does GATT Stand For?
GATT stands for General Agreement On Trade And Tariffs
GATT, or General Agreement on Trade and Tariffs, is a multilateral treaty established in 1947 aimed at promoting international trade by reducing trade barriers such as tariffs and quotas. It serves as a framework for trade negotiations and rules, fostering a collaborative environment among member countries to enhance global economic cooperation. GATT was a precursor to the World Trade Organization (WTO), which was established in 1995 to further strengthen and expand the principles of free trade.
Added on 14th April 2008 | Last edited on 17th June 2025 | Edit Acronym