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World Trade Organization (WTO)

Is the world trade organization simply an extension of GATT?

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May 16, 2012 3:30PM

False.

WTO & GATT are both global trade agreements. The WTO later replaced GATT.

World Trade Organization - an organizational headquarter, international trade, "leadership coordinance"

General Agreement on Tariff and Trade - seeks to reduce tariffs and taxed between nations.