What The Heck Is GATT?

GATT started as a legal agreement between a collection of countries, with the primary purpose of promoting international trade by diminishing or eliminating trade barriers such as quotas or tariffs. The General Agreement on Tariffs and Trade (GATT) came into […]

What Are Trade Barriers?

Trade barriers are divided into 3 main categories, which consist of natural barriers, tariff barriers, and nontariff barriers. These barriers influence global trade between businesses and governments and have direct impacts on trade agreements between such parties. They are also […]