GATT Full Form In English
GATT stands for General Agreement on Tariffs and Trade. It is an international legal agreement between many countries, established in 1947, with the main objective of promoting international trade by reducing or eliminating trade barriers such as tariffs, quotas, and subsidies. GATT laid the foundation for the modern World Trade Organization (WTO), which replaced it in 1995.
The main goal of GATT was to ensure fair competition in global trade and to provide a framework for resolving trade disputes among countries. Over the years, several rounds of negotiations under GATT, such as the Uruguay Round, have significantly shaped international trade policies.
GATT Full Form In Hindi
GATT का पूरा नाम शुल्क और व्यापार पर सामान्य समझौता है। यह एक अंतरराष्ट्रीय कानूनी समझौता है, जिसे 1947 में स्थापित किया गया था। इसका मुख्य उद्देश्य अंतरराष्ट्रीय व्यापार को बढ़ावा देना और देशों के बीच व्यापार बाधाओं जैसे कि शुल्क, कोटा और सब्सिडी को कम करना या समाप्त करना था।
GATT ने आधुनिक वर्ल्ड ट्रेड ऑर्गनाइजेशन (WTO) की नींव रखी, जो 1995 में इसे बदलकर बनाया गया। GATT का उद्देश्य वैश्विक व्यापार में न्यायपूर्ण प्रतिस्पर्धा सुनिश्चित करना और देशों के बीच व्यापार विवादों को सुलझाने के लिए एक ढांचा प्रदान करना था।
Read More: PACS Full Form In English And Hindi
Frequently Asked Questions
When was GATT established?
GATT was established in 1947.
What was the main purpose of GATT?
Its main purpose was to promote international trade by reducing tariffs and trade barriers.
Did GATT still exist after 1995?
No, GATT was replaced by the World Trade Organization (WTO) in 1995, but its principles continue to influence global trade.
Which countries are part of GATT?
Initially, 23 countries signed GATT in 1947. Now, all WTO member countries follow the principles of GATT.
What are some key negotiation rounds of GATT?
Some notable rounds include the Kennedy Round, Tokyo Round, and Uruguay Round, which addressed tariffs, subsidies, and trade regulations.
Conclusion
GATT played a pioneering role in global trade, helping nations cooperate to reduce trade barriers and promote economic growth. Although the WTO has replaced it, the principles of GATT continue to guide international trade. Understanding GATT is crucial for students, business professionals, and anyone interested in global economics.
