IGNOU MS 97 2017 - GATT and International Business

Question

GATT and International Business

20 Apr 2018

Answer :

Word Count : 290

The General Agreement on Tariffs and Trade (GATT) has played a pivotal role in shaping the landscape of international business. Established in 1947, GATT was a multilateral treaty aimed at promoting international trade by reducing barriers to trade and providing a framework for negotiation and dispute resolution among member countries. In 1995, GATT evolved into the World Trade Organization (WTO), which continued its mission.

One of GATT's key contributions to international business is the reduction

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