The General Agreement on Tariffs and Trade (GATT)
'...to further regulate world trade to aide in the economic recovery following WWII.'
'...to promote trade by reducing trade barriers through multilateral agreements and by providing a venue for settling trade disputes.'
1947 (23 member countries)
During UN Conference on Trade and Employment
Outcome of failure of negotiating governments to create the International Trade Organization (ITO)
'Most Favored Nation' system
'National Treatment'
1949 (13 member countries)
1950 (38 member countries)
1956 (26 member countries)
1960 (26 member countries)
1964 (62 member countries)
1973 (102 member countries)
1986 (123 member countries)
1993 -------------------------------------> 1994