Hardship Withdrawal This emergency withdrawal from a retirement plan may be allowed for exceptional needs, but is often subject to tax or account penalties. Read more Show Subscribe to 'term of the day' and learn a new financial term every day. Stay informed and make smart financial decisions. SIGN UP NOW What is the purpose of the General Agreement on Tariffs and Trade GATT?The GATT aimed “substantial reduction of tariffs and other trade barriers and the elimination of preferences, on a reciprocal and mutually advantageous basis”, so that the economic recovery after World War II can be boosted. Although the GATT is a legal agreement, it functions as an organization.
Which of the following is are purpose's of the General Agreement on Tariffs and Trade GATT 1994?General Agreement on Tariffs and Trade (GATT), set of multilateral trade agreements aimed at the abolition of quotas and the reduction of tariff duties among the contracting nations.
What is the GATT quizlet?General Agreement on Tariffs and Trade. GATT. GATT. is a set of rules under which the member states of that organization are committed to negotiate reductions in customs tariffs and other impediments to international trade in goods.
What is the most important principle of General Agreement on Tariffs and Trade GATT )?Key Takeaways
The most-favored nation (MFN) principle of the GATT requires countries to provide nondiscriminatory treatment between identical or highly substitutable goods coming from two different countries.
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