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Exam Question

The longest lasting trade agreement with the objective of liberalizing trade by eliminating or reducing tariffs, subsidies and quotas is:

  • 1. Free trade area – FTA
  • 2. European community – EC
  • 3. General agreement on tariffs and trade – GATT
  • 4. The North American free trade agreement – NAFTA

View Answer

Answer 3. General agreement on tariffs and trade – GATT

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