trade agreement that conveys the positive outcomes of international trade is the General Agreement on Trade and Tariffs (GATT). It was created in 1947 and like NAFTA promotes international trade through the reduction of tariffs. Today, GATT encompasses over one hundred countries and 90% of the world's trade goods (Sabir 1). There have been eight different versions of GATT, each resulting in a new trade agreement. The most recent is referred to as the Uruguay Round and is one of the largest and most comprehensive trade pacts in history (Deng 1). The Uruguay Round Agreement cuts tariffs by one-third, increases coverage for textiles, clothing and agriculture and creates a new World Trade Organization (Congressional Digest 258). The WTO settles dispute settlements, regulates the policies agreed upon and reviews countries' trade practices and policies. In addition, the Uruguay round proposes reductions in nontariff protective barriers to trade (Gottheil 350). The Uruguay Round and WTO make up an important part of GATT. GATT as a whole is ba
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