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GATT and NAFTA
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NAFTA (The North American Free Trade Agreement) is established to eliminate tariffs and other trade barriers among Canada, Mexico, and the United States. Under the NAFTA, all non-tariff barriers to agricultural trade between the United States and Mexico were eliminated. ...
GATT is a former specialized agency of the United Nations. ... However, plans for the latter were abandoned and GATT continued to exist until the end of 1995. Members of GATT were pledged to work together to reduce tariffs and other barriers to international trade and to eliminate discriminatory treatment in international commerce. The most important service of GATT was to negotiate multilateral extensions of tariff reductions through the application of the most favored nation clauses. GATT also provided for regular meetings to consider other problems of international trade.
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Paper Information
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Title: GATT and NAFTA
Words: 629
Rating: None
Pages: 2.5
submitted by: jinmaster85
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