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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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