The General Agreement on Tariffs and Trade (GATT) was created in 1947 as a multilateral treaty that allows states to enter into "reciprocity and mutual advantage", in the negotiation of a "substantial reduction in customs tariffs and other impediments to trade."

1. What role does the WTO play in the GATT agreement?

Reference

August, R. & Mayer, D. (2004).International Business Law. New York, NY, Pearson. Retrieved fromhttps://bookshelf.vitalsource.com