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The General Agreement on Tariffs and Trade (GATT) is 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.According to its preamble, its purpose was the "substantial reduction of tariffs and other trade barriers and the elimination of preferences, on a reciprocal and mutually General Agreement on Tariffs and Trade (GATT), set of multilateral trade agreements aimed at the abolition of quotas and the reduction of tariff duties among the contracting nations. When GATT was concluded by 23 countries at Geneva, in 1947 (to take effect on Jan. 1, 1948), it was considered an. Ap World History Chapter 40. STUDY. Flashcards. Learn. Write. Spell. Test. PLAY. Match. Gravity. Created by. bradymg99. Terms in this set (32) The General Agreement on Tariffs and Trade (GATT) started with 23 noncommunist nations in 1947, and by 1994 was up to how many nations? Ap World History Chapter 39 46 Terms. bradymg99. Chapter 38

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