NOTES on International Organizations for RRB NTPC AND SSC CHSL EXAM


GATT – General Agreement on Tariffs and Trade.
  • On 30 Oct. 1947, 23 countries at Geneva including India, sign as agreement related to tariffs on trade.
  • It came into force on 1 Jan, 1948.
  • Main functions of GATT:-
  • (a) The policy of equal tariffs.
  • (b) To remove the quantitative ban.
  • (c) Disposal of business dispute in a democratic way.
  • World Trade Organization (WTO) took the place of GATT on 1 Jan., 1995.