释义 |
General Agreement on Tariffs and Trade (GATT) An international treaty signed in 1947 to provide for some measure of world free trade with the aim of reducing high tariffs on goods. Its objectives in extending free trade have been achieved in a series of eight negotiations (rounds); the last of these, the Uruguay Round (1986–94), led to the establishment of the World Trade Organization and further agreement to ensure more free trade around the world. |