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From Longman Dictionary of Contemporary EnglishGATTGATT /ɡæt/  (General Agreement on Tariffs and Trade) an organization of about 80 countries, whose aim was to make agreements that will encourage international trade and remove rules or restrictions that make trade more difficult. GATT was replaced in 1995 by a new organization with similar aims, called the World Trade Organization (WTO).From Longman Business DictionaryGATTGATT /gæt/ nounCOMMERCE the General Agreement on Tariffs and Trade; an international organization set up to reduce restrictions on trading between its members. It was replaced in 1995 by the WORLD TRADE ORGANISATION
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