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9 October, 00:24

The General Agreement on Tariffs and Trade was a precursor to the World Trade Organization and provided a forum for tariff negotiations. True False

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  1. 9 October, 00:49
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    True

    Explanation:

    The General Agreement on Tariffs and Trade (GATT) was introduced because of its principal function to allow trading without discrimination that is market are equally transacted within member nations.

    For example: when a member country and its trading partners had agreed to reduce a tariff, that tariff cut will be automatically extended to every other GATT member.
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