The General Agreement on Tariffs and Trade (GATT) was a legal agreement between many countries, whose overall purpose was to promote international trade by reducing or eliminating trade barriers such as tariffs or quotas.
The General Agreement on Tariffs and Trade (GATT) was a trade treaty aiming to promote international trade by reducing or eliminating trade barriers such as tariffs and quotas. Active from 1948 until 1995, it was replaced by the World Trade Organization (WTO).
The North American Free Trade Agreement (NAFTA) is a trade deal that dramatically impacts trade, investment, and social standards among the United States, Mexico, and Canada by eliminating tariffs and quotas on most goods exchanged among these countries.
A trade agreement is typically a legally binding pact between or among governments designed to foster, regulate, and sometimes restrict various aspects of commerce between the member countries.
