The General Agreement on Tariffs and Trade (GATT) aimed to:

CA Foundation · Business Economics · MTP · May 2026
The General Agreement on Tariffs and Trade (GATT) aimed to:
(A) A. Promote protectionism worldwide
(B) B. Reduce tariffs among member nations
(C) C. Regulate only exchange rates
(D) D. Control foreign direct investment

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. Reduce tariffs among member nations

Topics: International Trade

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