subject
Business, 19.07.2021 17:20 9826zed

The international trading framework was developed after World War II as a way of supporting free trade. In 1947, 19 governments concluded an intergovernmental agreement, General Agreement on Tariffs and Trades (GATT), to facilitate their trade cooperation by committing to a set of trade rules along with its enforcement mechanism. Its successor, the World Trade Organization (WTO), which currently has more than 150 member-countries, has carried on the mission since 1995. The GATT was a multilateral agreement with the objective of liberalizing trade, such as eliminating tariffs, subsidies, and import quotas The early years for GATT were very successful, but during the 1980s and early 1990s, it faced opposition from an increase in greater protectionism around the world. The WTO operates on the same basis of consensus as GATT, but it has been more effective at policing and enforcing its rules. Additionally, it has expanded trade rules on services and intellectual property rights in addition to industrial goods.

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 05:30
The hartman family is saving $400 monthly for ronald's college education. the family anticipates they will need to contribute $20,000 towards his first year of college, which is in 4 years .which best explain s whether the family will have enough money in 4 years ?
Answers: 1
question
Business, 22.06.2019 12:00
Simon, aged 10, is invited to a classmate's birthday party at an exclusive ski resort on march 15th. the day will include 4 hours of snowboarding, lunch and birthday cake. simon's mother checks a box on the invitation that says "yes, we will attend" and returns it to the classmate's address. unfortunately, they later don't attend the party when simon comes down with the flu. on march 17th, simon's mother receives an invoice in the mail from simon's classmate for $35 that says, "party no-show fee." can simon's classmate collect the fee?
Answers: 3
question
Business, 22.06.2019 14:10
Carey company is borrowing $225,000 for one year at 9.5 percent from second intrastate bank. the bank requires a 15 percent compensating balance. the principal refers to funds the firm can effectively utilize (amount borrowed − compensating balance). a. what is the effective rate of interest? (use a 360-day year. input your answer as a percent rounded to 2 decimal places.) b. what would the effective rate be if carey were required to make 12 equal monthly payments to retire the loan?
Answers: 1
question
Business, 22.06.2019 17:00
Oliver is the vice president of production at his company and has been managing the launch of new software systems. he worked with a team of individuals who were tasked to create awareness about a specific product and also to approach potential purchasers of the product. which department managers were part of oliver’s team?
Answers: 3
You know the right answer?
The international trading framework was developed after World War II as a way of supporting free tra...
Questions
question
Mathematics, 11.02.2020 20:27
question
Business, 11.02.2020 20:27
question
Geography, 11.02.2020 20:27
Questions on the website: 13722360