Examlex
Which of the following statements is true concerning and
?
GATT
The General Agreement on Tariffs and Trade, a multilateral treaty aimed at reducing trade barriers and promoting international trade through the elimination of or reduction in tariffs, quotas, and subsidies.
Tariffs and Trades
Government-imposed taxes on imported goods, often used to control trade balances and protect domestic industries.
Self-executing
describes a document, rule, or law that becomes effective immediately without the need for any additional action, enforcement, or formal ratification.
Non-self-executing
A term used to describe treaties or provisions that require additional legislation to be implemented domestically.
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