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GATI is established in 1947, under -

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Question

GATT is established in 1947, under

Options

  • German leadership

  • French leadership

  • U. K. leadership

  • None of the above

MCQ

Solution

U. K. leadership

Explanation -

The GATT is a treaty since it is an international agreement. It is categorised as a congressional-executive agreement under US law. It was based on the Reciprocal Trade Accords Act, which gave the executive branch temporary negotiation authority over trade agreements.

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