General Agreement on Tariffs and Trade

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Related to Gatt Treaty: WTO
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  • noun

Synonyms for General Agreement on Tariffs and Trade

a United Nations agency created by a multinational treaty to promote trade by the reduction of tariffs and import quotas

References in periodicals archive ?
VideoAge: Can you also explain how the GATT Treaty [General Agreement on Tariffs and Trade] gets into the picture?
The GATT dispute procedure evolved from minimal treaty clauses, hampered by the "birth defects" of GAT-I', into a remarkably sophisticated institution which greatly influenced the relative effectiveness of the implementation of GATT treaty clauses.
The treaty negotiated during the Uruguay Round, the GATT treaty of 1994, established the WTO--the international institution to govern trade that was first visualized by the attendees of the Bretton Woods Conference 50 years earlier.
71) The United States rejected several European proposals for a weak subsidies code, (72) and the final GATT treaty was signed and ratified without explicitly dealing with civil aircraft production.
If the country is not listed in FAR Part 25 as having signed the GATT treaty then they are not allowed to do business under the TAA.
And the same year the embargo went into effect, Mexico challenged it before the GATT treaty (the General Agreement on Tariffs and Trade) as an unfair infringement of free trade.