Question

An international organization formed at the end of World War II by the United States and twenty-two other countries whose goal was to reduce or eliminate tariffs and other barriers to world trade is called the______________.

Answer 1

Answer: GATT

Explanation: GATT which is an acronym for general agreement for tariffs and trade was signed by 23 countries in 1947 and took effect in 1948. However, it was replaced by the World trade organization.

GATT decrees that any country that is a member will give all the other countries who are also members the same right with respect to tariffs and other measures which it gives to the most favored nation with which it sells to.