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At Palais des Nations in Geneva, how many countries signed GATT on 30 October 1947?

At Palais des Nations in Geneva, how many countries signed GATT on 30 October 1947? Correct Answer 23

The correct answer is 23.

Key Points

  • On 30 October 1947, the General Agreement on Tariffs and Trade (GATT) was signed by 23 nations at the Palais des Nations in Geneva.
  • The Agreement contained tariff concessions agreed to during the first multilateral trade negotiations and a set of rules designed to prevent these concessions from being frustrated by restrictive trade measures.

Additional Information

  •  The 23 founding contracting parties were members of the Preparatory Committee established by the United Nations Economic and Social Council in 1946 to draft the charter of the International Trade Organization (ITO).
  • The ITO was envisaged as the final leg of a triad of post-War economic agencies (the other two were the International Monetary Fund and the International Bank for Reconstruction - later the World Bank).
  • GATT was conceived as an interim measure that put into effect the commercial-policy provisions of the ITO.

Related Questions

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