The correct answer is Geneva.The General Agreement on Tariffs and Trade (GATT) was signed on October 30, 1947, by 23 nations. Its headquarters was established in Geneva, Switzerland, a city chosen for its long-standing tradition of political neutrality and as... Read More
The correct answer is Geneva.
The General Agreement on Tariffs and Trade (GATT) was signed on October 30, 1947, by 23 nations. Its headquarters was established in Geneva, Switzerland, a city chosen for its long-standing tradition of political neutrality and as a hub for international diplomacy.
GATT was not a formal international organization like the United Nations, but rather a multilateral treaty designed to promote international trade by reducing or eliminating trade barriers such as tariffs and quotas. It operated through several "rounds" of negotiations to harmonize global trade rules.
GATT remained the primary framework for global trade for nearly 50 years until the conclusion of the Uruguay Round (1986–1994). This led to the creation of the World Trade Organization (WTO) on January 1, 1995.
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