The General Agreement on Tariffs and Trade (GATT) is a multilateral treaty aimed at promoting international trade by reducing trade barriers such as tariffs and quotas. Established in 1947, GATT provided a framework for negotiating trade agreements and was a key step towards the creation of the World Trade Organization (WTO). GATT's principles emphasized non-discrimination, transparency, and reciprocity among member countries, fundamentally shaping global trade policies.
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