GATT

GATT
Set of multilateral trade agreements aimed at the
ending of quotas and the reduction of tariffs among
member countries.
Signed on October 30, 1947, by 23 countries in
Geneva (to take effect on January 1, 1948)
It Consists of 8 Rounds – Rounds of trade
negotiation
  Principles of GATT

NON DISCRIMINATION
PROHIBITION OF QUANTITATIVE
RESTRICTIONS
CONSULTATIONS.
 To raise the standard of living.
 To ensure full employment and a large
and steadily growing volume of real
income and effective demand.
 To develop the full use of the resource
of the world
 To expand production and international
trade.

OBJECTIVES OF GATT