Asked by Shamsadin Gadiid on Jun 15, 2024
Verified
Following World War II,________ brought together a wide range of nations for regular Negotiations designed to reduce barriers to trade.
A) NATO
B) NAFTA
C) GATT
D) the IMF
World War II
World War II was a global conflict that lasted from 1939 to 1945, involving most of the world's nations and marked by significant battles, atrocities, and the Holocaust.
Trade Negotiations
Formal discussions and agreements between countries focused on the terms of trade, including tariffs, access to markets, and other related policies.
GATT
The General Agreement on Tariffs and Trade, an international treaty designed to promote international trade by reducing or eliminating trade barriers such as tariffs.
- Grasp the significance of international treaties and agreements in shaping global trade and security dynamics.
Verified Answer
AH
Alicia HebertJun 17, 2024
Final Answer :
C
Explanation :
GATT (General Agreement on Tariffs and Trade) was created in 1947 and brought together multiple nations to negotiate and reduce barriers to international trade. GATT was successful in lowering tariffs on goods, and in 1995 it was replaced by the World Trade Organization (WTO).
Learning Objectives
- Grasp the significance of international treaties and agreements in shaping global trade and security dynamics.