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Exercises · Q7

Q.Trace briefly the evolution of the WTO from GATT.

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The General Agreement on Tariffs and Trade (GATT) was signed in 1947 by a group of countries seeking to reduce tariffs and other barriers to trade after the war. Importantly, GATT was only a provisional multilateral treaty, not a formal international organisation with a permanent legal identity — it operated through a series of negotiating "rounds" (Geneva, Kennedy, Tokyo, and others), each aiming to further cut tariffs and widen the scope of trade rules. …

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