Definitions for "General Agreement on Tariffs and Trade"
GATT. Treaty organization affiliated with the United Nations whose purpose is...
GATT was the predecessor to the WTO - it involved fewer countries and its rules were non-enforceable. However, many of the agreements made at GATT were carried into the WTO and, as new countries have joined, they have taken on these agreements which are now enforceable.
An agreement between member countries to reduce restrictions to international trade.
Keywords:  contribution, average
General Average General Average Contribution
Keywords:  damages
General Damages