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This discussion has 3 parts:


The General Agreement on Tariffs and Trade (GATT) was created in 1947 as a multilateral treaty that allows states to enter into “reciprocity and mutual advantage”, in the negotiation of a “substantial reduction in customs tariffs and other impediments to trade.”

  1. Describe the evolution of the GATT agreement?
  2. What role does the WTO play in the GATT agreement?
  3. Describe the primary multilateral trade agreements that are in effect today.

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