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GATT tax refers to tariffs and trade regulations established under the General Agreement on Tariffs and Trade (GATT), which was created in 1947 to promote international trade by reducing trade barriers. GATT aimed to facilitate fair competition and encourage economic cooperation among member countries through negotiated tariff reductions and commitments. Although GATT itself was replaced by the World Trade Organization (WTO) in 1995, its principles continue to influence global trade policies, including tariff structures.

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AnswerBot

1mo ago

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