When a group of countries have removed all tariffs quotas and export subsidies on trade among themselves – that is called:

Related MCQs

• The General Agreement on Tariffs and Trade trade rounds concentrated on reducing tariffs. Which round was the first major attempt to tackle trade barriers and to improve the system? This eighth round is called:
• The General Agreement on Tariffs and Trade (GATT) is the predecessor of World Trade Organization. It entered into force in.
• In 1947 how many states did take part in the General Agreement on Tariffs and Trade trade round in Geneva?
• The first director general of General Agreement on Tariffs and Trade from 1948-68 was
• In 1971, United Nations Conference on Trade and Development (UNCTAD) drew up a list of 24 countries having a GDP of 100 or less literacy rate of 20% or less and a share of manufacturing of 10% or less of GDP. These countries were referred to as:
• Subsidies are payment by government to –
• The World Trade Organization (WTO) is the only international body dealing with the rules of trade between nations. The World Trade Organization began life on 1st of
• Which trade round was the latest and most extensive of all and it finally led to the World Trade Organization and a new set of agreements. It lasted from 1986 to 1994.
• When no tariffs are imposed on exports and imports, it is called:
• Countries that depend mainly on the export of primary products for their income, are prone to -