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English definition of “GATT”

GATT

noun
 
 
/ɡæt/ ECONOMICS, POLITICS
abbreviation for General Agreement on Tariffs and Trade: an international organization whose purpose was to reduce rules limiting trade between its members. It was replaced in 1995 by the World Trade Organization. → See also the WTO
(Definition of GATT from the Cambridge Business English Dictionary © Cambridge University Press)
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