General Agreement on Tariffs and Trade

{
  "id": "MLC-T-LAW-002281",
  "term": "General Agreement on Tariffs and Trade",
  "field": "Law",
  "definition": "A multilateral agreement regulating international trade, established in 1947, aimed at reducing tariffs and other trade barriers. It provided a system of rules for global trade and served as the primary international trade organization until the establishment of the World Trade Organization (WTO) in 1995. The principles of non-discrimination and reciprocity were central to its operation.",
  "abbreviation": "GATT",
  "url": "https://mlchart.com/terminology/law/general-agreement-on-tariffs-and-trade/"
}