Question

What was the purpose of establishing the General Agreement on Tariffs and Trade (GATT) in 1947?

a.

To restrict world trade

b.

To improve world trade by removing trade barriers

c.

To increase trade tariffs

d.

To limit international transactions

Answer: (b).To improve world trade by removing trade barriers Explanation:GATT was established in 1947 with the purpose of improving world trade by removing trade barriers.

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Q. What was the purpose of establishing the General Agreement on Tariffs and Trade (GATT) in 1947?

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