Which of the following multilateral agreements was established under U.S. leadership in 1947, with the objective to liberalize trade by eliminating tariffs, subsidies, import quotas, and the like?
A. General Agreement of Tariffs and Trade (GATT)
B. North American Free Trade Agreement (NAFTA)
C. Central American Free Trade Agreement (CAFTA)
D. Free Trade Areas of the Americas (FTAA)
E. North Atlantic Treaty Organization (NATO)
Answer: A. General Agreement of Tariffs and Trade (GATT)
Business
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