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GENERAL AGREEMENT ON TARIFFS AND TRADE (GATT)

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French Equivalent: Accord général sur les tarifs douaniers et le commerce (GATT)

Definition:
The General Agreement on Tariffs and Trade (GATT) is a multilateral agreement, originally negotiated in 1947 in Geneva among 23 countries, to reduce tariffs and other trade barriers. It provides a framework for periodic multilateral negotiations on trade liberalisation.

Context:
The most recent round of such negotiations was the Uruguay Round. Part of the final agreement of the Uruguay Round, concluded in December 1993, led to the establishment of the World Trade Organisation to replace the GATT; it commenced operation on 1 January 1995.

Source Publication:
Agricultural Policies in OECD Countries: Monitoring and Evaluation 2000: Glossary of Agricultural Policy Terms, OECD.

Cross References:
General Agreement on Trade in Services (GAT)

Statistical Theme: International trade statistics

Created on Tuesday, September 25, 2001

Last updated on Wednesday, March 05, 2003