The General Agreement on Tariffs and Trade (GATT)was Formed to Replace

question 62

True/False

The General Agreement on Tariffs and Trade (GATT)was formed to replace the World Trade Organization (WTO)because the WTO was empowered only to reduce barriers to trade in goods.The GATT is an agreement to reduce barriers to trade in goods,services,and intellectual property.

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Definitions:

Americans

Individuals who are citizens of the United States of America.

Chinese

Referring to anything related to China, including its language, culture, people, or geographic area.

Suffering

The experience of pain, distress, or hardship, which can be physical, emotional, or psychological in nature.

Reward

A benefit, often a form of compensation, given for performing a desired behavior, encouraging repetition of that behavior.