General Agreement On Tariffs And Trade (GATT)

Business / Taxes / General Agreement On Tariffs And Trade (GATT): A General Agreement on Tariffs and Trade was signed in 1947 to provide an international forum to encourage free trade, reduce tariffs, and provide a mechanism for resolving trade disputes. The Uruguay Round Agreements Act was ratified by Congress in 1994 to foster trade by cutting international tariffs, standardizing copyright and patent protection, and liberalizing trade legislation.

Other Words for Agreement

Agreement Noun Synonyms: understanding, covenant, treaty, pact, accord, compact, settlement, concordat, contract, bargain, deal
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Other Words for General

General Noun Synonyms: common, prevailing, accepted, popular, public, communal, community, widespread, shared, extensive, prevalent, universal, worldwide, global, comprehensive, inclusive, all-inclusive, non-exclusive, overall, unrestricted
General Adjective Synonyms: mixed, assorted, miscellaneous, heterogeneous, encyclopedic or encyclopaedic, diversified, extended, broad, comprehensive, inclusive, all-inclusive, non-exclusive, overall, blanket, across the board, sweeping, panoramic, catholic, composite, combined
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Other Words for Trade

Trade Noun Synonyms: exchange, swap or swop, interchange, switch, barter, return
Trade Adjective Synonyms: commerce, business, traffic, exchange, barter, dealing(s), buying and selling, merchandising, marketing, mercantilism, truck
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World Trade Organization (WTO)

Business / Agriculture / World Trade Organization (WTO): The international organization established by the Uruguay Round of multilateral trade negotiations to oversee implementation of the General Agreement on Tariffs and Trade and the agreements arising fr MORE

Multilateral Trade Negotiations (MTN)

Business / Agriculture / Multilateral Trade Negotiations (MTN): Negotiations between General Agreement on Tariffs and Trade (GATT) member nations that are conducted under the auspices of the GATT and that are aimed at reducing tariff and nontariff trade barriers. MORE

Most-Favored-Nation Treatment (MFN)

Business / Agriculture / Most-Favored-Nation Treatment (MFN): A commitment that a country will extend to another country the lowest tariff rates it applies to any third country. MFN is a basic principle of the General Agreement on Tariffs and Trade (GATT) (1947) MORE

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