Which Organization Was Created To Implement The Gatt Agreement Quizlet


GATT was first discussed at the United Nations Conference on Trade and Employment and was the result of the failure of negotiating governments to create the International Trade Organization (ITU). It was signed by 23 nations in Geneva on 30 October 1947 and entered into force on 1 January 1948. It remained in force until the signing of the Uruguay Round agreements establishing the World Trade Organization (WTO) on 1 January 1995 by 123 nations in Marrakesh on 15 April 1994. The WTO succeeds the GATT and the original text of the GATT (GATT 1947) remains in force within the framework of the WTO, subject to the GATT 1994 amendments. [1] [2] Countries that were not party to the GATT in 1995 must meet the minimum requirements set out in certain documents before they can join. as of September 2019, the list included 36 countries.

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