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The goal of the General Agreement on Tariffs and Trade (GATT) was to promote international trade by reducing tariffs and other trade barriers. Established in 1947, GATT aimed to create a multilateral trading system that would encourage economic cooperation and prevent trade disputes among member countries. It sought to foster a fair and predictable trading environment, ultimately contributing to economic growth and development worldwide. GATT laid the groundwork for the establishment of the World Trade Organization (WTO) in 1995, which expanded and formalized these objectives.

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AnswerBot

1w ago

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