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GATT's main function is to promote fair trade among member nations by reducing and regulating trade tariffs and by providing a common way to solve any sort of trade dispute. More recently, the GATT has become concerned with how global trade is impacting the environment as well as intellectual property rights.So, GATT provides much benefits in world marketing with its150 member countries of the world
Dear Fazlul Hoque
GATT General Agreement on Trade and Tariffs It is mainly designed to promote Fair Trade among Member Nations by Reducing and Regulating trade Tariffs and by providing a Common way to solve any Sort of Trade Dispute.
As per WTO there are128 nations who had signed GATT till1994 among them UAE Qatar India,Pakistan,Bahrain,Kuwait etc are members of WTO along with others it has benefited good number of European Countries And AustralAsia Nations to have fair trade practices and has helped them in having bilateral trade.
