contestada

Which of the following statements about the General Agreement on Tariffs and Trade (GATT) are true?
A. It was established to reduce barriers to international trade.
B. It was established as a result of the Uruguay Round of negotiations.
C. Its original provisions governed trade in both goods and services.
D. It was established in 1947.

Respuesta :

Answer:

A and D

Explanation:

Here, we want to select which of the options are correct;

A is correct

The GATT was established to provide access to more international trade between countries through the reduction of tarrifs. Hence , it helped reduce the tariff barrier in international trade.

B is incorrect

It is the other way round.

In fact, it is thus same Uruguay round of negotiations that gave birth to its successor which is WTO(world trade organization)

C is incorrect

The service provision is under the GATS( General agreement on trades in services).

The service branch was negotiated in 1995 as against the goods branch already in place in 1947

D is correct

It was indeed negotiated in 1947

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