The purpose of the General Agreement on Tariffs and Trade (GATT) is to

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The purpose of the General Agreement on Tariffs and Trade (GATT) is to facilitate international trade by reducing or eliminating trade barriers, such as tariffs and quotas, between participating countries. GATT provides a framework for negotiations among member countries to liberalize trade and establish rules and principles for fair and non-discriminatory trade practices. It aims to promote economic growth, increase employment, and raise living standards by fostering an open and predictable trading system.

To understand the purpose of GATT, you can start by researching its history and context. GATT was established in 1947 following World War II as a response to the economic protectionism and trade barriers that had contributed to the Great Depression and worsened geopolitical tensions. The original purpose of GATT was to promote free trade and prevent the use of protectionist measures that could harm global economic stability.

To delve deeper into GATT's purpose, you can study its principles and key provisions. GATT is based on the principles of most-favored-nation (MFN) treatment, which ensures that each member country receives equal and nondiscriminatory trading conditions. It also emphasizes the reduction of tariffs and other trade barriers through negotiations and the principle of reciprocity.

Moreover, GATT seeks to address barriers to trade in goods, including discriminatory customs duties, non-tariff measures, and import and export restrictions. It also encourages countries to provide fair treatment to foreign investors and protect intellectual property rights. These provisions aim to create a level playing field for international trade and foster economic cooperation among participating nations.

Furthermore, you can explore the impact of GATT on international trade and global economic development. GATT has been instrumental in promoting the liberalization of trade and the expansion of global supply chains. Its negotiations, such as the Uruguay Round, have led to the establishment of the World Trade Organization (WTO) in 1995, which succeeded GATT as the primary international body for regulating trade.

Overall, understanding GATT's purpose requires studying its history, principles, provisions, and impact on international trade. By doing so, you can gain a comprehensive understanding of how GATT promotes trade liberalization, economic growth, and global cooperation.