Asked in a 1947 paperModerate

In 1947 General Agreement on Tariffs and Trade established:

Correct answer: A. international trade rules

  • A. international trade rules
  • B. international transportation
  • C. international purchasing rules
  • D. international finance rules

Explanation

GATT supplied the basic multilateral framework for reducing tariffs and regulating international trade after World War II. It concerned trade rules, not transport, purchasing or international finance.

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