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October 2, 2025Works of Georgian Technical UniversityOpen Access

The Role and Importance of GATT in International Trade

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TGTatia Gurtskaia Tatia GurtskaiaKGKarlo Gurtskaia Karlo Gurtskaia

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Overview

Analysis of GATT's role in lowering tariffs and addressing non-tariff restrictions in international trade.

Key Points

  • GATT played a crucial role in reducing tariffs from an average of 40% in 1948 to about 3% by 2003, highlighting its impact on trade.
  • The introduction of GATT helped to prevent tariff wars following WWII, emphasizing its importance in international economic stability.
  • Non-tariff restrictions on international trade emerged as significant barriers, leading to focused discussions in the Uruguay Round.
  • The establishment of the World Trade Organization marked a pivotal achievement resulting from GATT negotiations and efforts.

Cite This Study

Gurtskaia et al. (2025) studied this question.

synapsesocial.com/papers/68de5d9383cbc991d0a20106https://doi.org/10.36073/1512-0996-2025-3-56-60
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