The GATT Became Part of the World Trade Organization in 1995

question 61

True/False

The GATT became part of the World Trade Organization in 1995 with the ratification of the Uruguay Round agreements.

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Definitions:

Transitional Fit

A type of fit in mechanical engineering where parts can either move together freely (clearance fit) or interfere slightly (interference fit), depending on the tolerances.

Maximum Interference

The largest value by which one part exceeds the size of its mating part, making assembly possible only with the application of force.

Force Fit

A type of interference fit where components are pressed together using high force, resulting in a very tight fit with no movement between parts.

Hole

An opening through a solid body or surface, typically circular.