134k views
0 votes
What is the stated goal of G.A.T.S. - the General Agreement on trade and services?

1 Answer

6 votes

Final answer:

The stated goal of G.A.T.T is to promote trade liberalization and reduce protectionist trade policies among its member nations.

Step-by-step explanation:

The stated goal of the General Agreement on Tariffs and Trade (GATT) was to promote trade liberalization and reduce protectionist trade policies among its member nations. GATT aimed to lower tariff rates and eliminate barriers to international trade, with the goal of promoting economic growth and increasing global cooperation through trade. It played a significant role in driving globalization and laid the foundation for the establishment of the World Trade Organization (WTO) in 1995.

User Anton Dergunov
by
9.9k points