The General Agreement on Tariffs and Trade (GATT) was first signed in 1947 with the goal of encouraging free trade between member states by regulating and reducing tariffs. GATT provided an international forum for negotiating trade agreements and resolving disputes. It aimed to reduce barriers to trade such as tariffs, quotas, and subsidies. GATT led to increased world trade growth in the 1950s-1960s but its effectiveness was undermined as countries increased protectionism. This led to negotiations in the 1980s for the Uruguay Round, which established the World Trade Organization in 1994 and expanded global trade rules.

1. General Agreement on Tariffs and Trade

6. Why did we need GATT…..??? When did it all start….

8. Did GATT succeed?

10. But…….

15. Rounds

22. Market Access. In this all the GATT members were replace all the Trade Barriers and to allow Indian Supplies into their country. Tariffs reduced by 24% to 36%. Domestic Support. Develop countries also supported India to grow their Domestic Consumption. India has a big Domestic Market. Export Competition. Indian Agriculture industry has always been strong. India used to Export to many developing and under developed countries. India only had competition when it comes to Sales in Developed Countries.

23. Thank You…!! Presented By Anish Pillai 07 Brijesh Yadav 14 Jomy John 21 Pradeep Pillai 40 Punit Nair 41