GATT meaning in Computer and Networking ?

Answer: What is General Agreement on Trade and Tariffs mean?

The General Agreement on Tariffs and Trade (GATT) is a legal agreement between many countries, whose overall purpose was to promote international trade by reducing or eliminating trade barriers such as tariffs or quotas. According to its preamble, its purpose was the "substantial reduction of tariffs and other trade barriers and the elimination of preferences, on a reciprocal and mutually advantageous basis."

The GATT was first discussed during the United Nations Conference on Trade and Employment and was the outcome of the failure of negotiating governments to create the International Trade Organization (ITO). It was signed by 23 nations in Geneva on October 30th, 1947, and was applied on a provisional basis January 1st, 1948. It remained in effect until January 1st, 1995, when the World Trade Organization (WTO) was established after agreement by 123 nations in Marrakesh on April 15th, 1994, as part of the Uruguay Round Agreements. The WTO is the successor to the GATT, and the original GATT text (GATT 1947) is still in effect under the WTO framework, subject to the modifications of GATT 1994. Nations that were not party in 1995 to the GATT need to meet the minimum conditions spelled out in specific documents before they can accede; in September 2019, the list contained 36 nations.

The GATT, and its successor the WTO, have succeeded in reducing tariffs. The average tariff levels for the major GATT participants were about 22% in 1947, but were 5% after the Uruguay Round in 1999. Experts attribute part of these tariff changes to GATT and the WTO.

reference

Full Form	Category
General Agreement on Tariffs and Trade	Agreement
General Agreement on Tarrifs and Trade	Business
General Agreement on Tariffs Tradition	Business
Grand Adventures Tour and Travel Publications	Business
General Academic Technical Training	Community
Global Association for Temporary Tariffs	Community
General Agreement on Trade and Tariffs	Computer and Networking
Graphics Address Translation Table	Computing
A Global Arrangement for Tax Treaties	Educational Degree
Go After Tariffs and Taxes	General
General Agricultural Tax Treaty	General
Global Anti Tarrif Treaty	General
Gentlemens Agreement To Talk And Talk	General
God Activates Tornadoes and Tulip growth	General
General Agreement of Tariffs and Trade	Governmental
Groot Akris Tafeltennis Toernooi	Governmental
General Agreement on Tariff and Trade	Medical
General Agreement on Tariffs and Trade (of the WTO)	Medical
General Agreement To Talk and Talk	Messaging
Gate Assisted Turnoff Thyristor	Space Science
Gold Assessment Trade Tax	Stock Exchange