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The Marrakesh Agreement, finalized in 1994, created the World Trade Organization (WTO). This multilateral treaty formalized international trade rules and established a permanent system for resolving disputes between nations. It replaced the General Agreement on Tariffs and Trade (GATT) offering bind...
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The GATT, established in 1947, represented a foundational agreement on international trade. It fostered multilateral reductions in tariffs and other barriers between its initial 23 member nations. This treaty significantly shaped global commerce for almost half a century before being replaced by the...
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