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| Topic: |
Business
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| Number of pages / Number of words: |
7 / 1860 |
Essay's paper body
According to investorworld.com, the major trade agreements include The General Agreement on Tariffs and Trade (GATT), The World Trade Organization (WTO), The Asia Pacific Economic Cooperation Council (APEC), and several regional trading blocs.
The GATT is a worldwide trade pact that was first established in the aftermath of World War II...
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Nondiscrimination has been the guiding principle. Any trade advantage an GATT member gives to one country must be given to all GATT members, and no GATT nation can be singled out for punishment. GATT successfully reduced tariff barriers on manufactured goods. The WTO is a permanent negotiating forum for implementing and monitoring international trade procedures and for mediating trade disputes among its 123 member countries (www...
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