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What is General Agreement on Tariffs and Trade (GATT)

International Firms’ Economic Nationalism and Trade Policies in the Globalization Era
Is a legal agreement between many countries whose overall purpose is to promote international trade by reducing or eliminating trade barriers such as tariffs or quotas.
Published in Chapter:
Implications of the African Continental Free Trade Agreement (AfCFTA) on the Economy of African States
Benjamin Enahoro Assay (Delta State Polytechnic Ogwashi-Uku, Nigeria)
DOI: 10.4018/978-1-5225-7561-0.ch007
Abstract
The failure of some African Union member-nations including Nigeria to endorse the African Continental Free Trade Agreement (AfCFTA) that would create one of the largest free trade areas in the world has provoked a lot of controversies that are yet to be resolved. While some of the relevant stakeholders in the countries that have refused to sign the treaty are urging the heads of their countries' governments to withhold assent until when all the contending issues regarding the AfCFTA are amicably settled, others desire to have the agreement signed in order to harness its benefits for the continent. As the controversies rage, it appears that the implementation of the much awaited agreement has been put on hold, thus thwarting the progress of the continent. This chapter therefore wades through the controversies and points the way ahead for the AfCFTA to be acceptable by all.
Full Text Chapter Download: US $37.50 Add to Cart
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The Free Market Economy as the Main Guarantee of the State's Socio-Economic Development and Promoting International Cooperation
An UN-affiliated IGO designed to promote international trade and tariff reductions, replaced by the World Trade Organization.
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Main Characters of Globalization in the 21st Century
An UN-affiliated IGO designed to promote international trade and tariff reductions, replaced by the World Trade Organization.
Full Text Chapter Download: US $37.50 Add to Cart
The Economic Component of World Politics and the Main Global Social and Economic Problems
An UN-affiliated IGO designed to promote international trade and tariff reductions, replaced by the World Trade Organization.
Full Text Chapter Download: US $37.50 Add to Cart
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