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What Was the GATT,why Was It Established,and Why and with What

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What was the GATT,why was it established,and why and with what was it replaced?


Definitions:

Trade Flow

The movement of goods and services across borders, representing the import and export activities between countries.

Euro

is the official currency of 19 out of the 27 European Union countries, which together make up the Eurozone.

Exchange Rate

The value of one currency for the purpose of conversion to another.

Yuan

The basic unit of currency in China, also referred to as Renminbi (RMB).

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