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Meaning of General Agreement on Tariffs and Trade

Gen'eral Agree'ment on Tar'iffs and Trade'

Pronunciation: [key]
  1. an international organization formed in 1948 to establish common rules governing tariffs and to eliminate restrictive trade practices. Abbr.: GATT
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.