Which of the Following Statements Is True Regarding GATT

question 39

Multiple Choice

Which of the following statements is true regarding GATT?

• A)GATT attempted to liberalize trade restrictions in one go.
• B)In its early years,GATT was unsuccessful and hence was superseded by the World Bank.
• C)GATT regulations were mostly enforced by the EU nations rather than by a mutual monitoring mechanism.
• D)Tariff reductions through negotiations were completed in three rounds.
• E)The last round for tariff reduction,the Uruguay Round,was launched in 1986 and completed in December 1993.

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