NOTES on International Organizations for RRB NTPC AND SSC CHSL EXAM

January 13, 2017 Share Like Labels: ba

INTERNATIONAL ORGANIZATIONS

GATT – General Agreement on Tariffs and Trade.

On 30 Oct. 1947, 23 countries at Geneva including India, sign as agreement related to tariffs on trade.
It came into force on 1 Jan, 1948.
Main functions of GATT:-
(a) The policy of equal tariffs.
(b) To remove the quantitative ban.
(c) Disposal of business dispute in a democratic way.
World Trade Organization (WTO) took the place of GATT on 1 Jan., 1995.

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