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NAME:ROSELI
NEVNGELI
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IMBA
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L.M.MAHALAKSHMI
GATT
2
 Introduction
 what is GATT?
 Objectives
3
Introduction
 The GeneralAgreementon Tariffs and
Trade (GATT) was signed by 23
countriesin October1
947,after World
War II,and became law on J an. 1
,1
948
 The purpose of the GeneralAgreement
on Tariffs and Trade (GATT) was to
make internationaltrade easier
.
“ WHATIS GATT?
5
The General Agreement on
Tariffs and Trade is a legal
agreement between many
countries,whose overallpurpose
was to promote internationaltrade
by reducing or eliminating trade
barriers such as tariffs
Objectives
6
 To raise standard of living
 To ensure full empolyee
 To develop the full use of resources of
the world
 To expand the production and
international trade
GATTadvocatesthe
principles of “rig hts”
a nd “oblig ations”.Each
contracting party
has right
7
Principles
Non discrimination
Prohibition of trade barriers
Mutual consultation
8
THANK YOU

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GATT/General Agreement on Trade and Traffic