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Explain What the General Agreement on Tariffs and Trade (GATT)is

question 9

Essay

Explain what the General Agreement on Tariffs and Trade (GATT)is and give pro and con arguments concerning this agreement.


Definitions:

Transferee

A person or entity to whom rights or property is legally transferred.

Transferor

An individual or entity that transfers rights or property to another, typically as part of a sale or agreement.

Negotiable Instrument

A paper that promises to pay a certain sum of money, which can be demanded at any time or paid at an agreed moment, and identifies the individual responsible for the payment.

Presentment

The act of making a demand for the drawee to pay.

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