Market access, agriculture, subsidies, and anti-dumping measures are among the topics addressed by the council’s ten committees. The GATT is overseen by the Council for Trade in Goods (Goods Council), which is made up of representatives from all WTO member nations. By this time, 125 countries had signed on to its accords, which covered almost 90% of world commerce. It has been developed since then, culminating in the founding of the World Trade Organization (WTO) on January 1, 1995, which integrated and expanded it. On January 1, 1948, the GATT came into effect. The GATT was created to help the world economy recover after World War II by rebuilding and liberalising global commerce. The General Agreement on Tariffs and Trade (GATT), which was signed on October 30, 1947, by 23 nations, was a legal agreement that aimed to reduce trade barriers by abolishing or decreasing quotas, tariffs, and subsidies while retaining considerable restrictions.

Understanding Rules and Procedures Governing the Settlement of Disputes.

Agreement on Trade Related Aspects of Intellectual Property Rights including Trade in Counterfeit Goods.

Agreement on Subsidies and Countervailing Measures.

Agreement on Import Licensing Procedures.

Agreement on Implementation of Article VII (Customs Valuation).

Agreement on Implementation of Article VI (Anti-dumping).

Agreement on Trade-Related Aspects of Investment Measures.

Agreement on Technical Barriers to Trade.Agreement on Sanitary and Phytosanitary Measures.Articles and their purpose under the General Agreement on Tariffs and Trade.Agreements that were responsible for the formation of the World Trade Organization.History behind the General Agreement on Tariffs and Trade.General Agreement on Tariffs and Trade : an understanding.

Difference between wto and gatt pdf