Common Contracts

1 similar General Agreement on Tariffs and Trade (Gatt) contracts

General Agreement on Tariffs and Trade (GATT)
General Agreement on Tariffs and Trade (Gatt) • April 30th, 2003

The General Agreement on Tariffs and Trade was a PAC T originally adopted at Geneva on October 30, 1947. It governed tariff concessions on industrial products as agreed to among its 23 original s ignatories. These initia l GAT T pa rtners included the most important countries allied in World War II against the Axis Powers. The negotiations were driven by the postwar agenda of the main Allied powers, the UNITED STAT ES, the UNITED KINGDOM, and Canada, to create postwar institutions to prevent a reemergence of war and depression. This aim could be accomplished, in their view, only by ending economic nationalism and the extensive protectionist policies that had characterized the inter-war period.

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