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Simple English definitions for legal terms

General Agreement on Tariffs and Trade

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A quick definition of General Agreement on Tariffs and Trade:

The General Agreement on Tariffs and Trade (GATT) is a big agreement between many countries that helps them trade with each other. It makes it easier for countries to sell things to each other by lowering taxes on imports and making sure everyone has the same opportunities to sell their products. Over 130 countries have agreed to follow these rules.

A more thorough explanation:

The General Agreement on Tariffs and Trade (GATT) is an international agreement signed in 1948. It aims to promote international trade by reducing import duties and providing equal access to markets. More than 130 countries are part of this agreement.

For example, if a country imposes high tariffs (taxes) on imported goods, it makes those goods more expensive for its citizens. GATT encourages countries to lower these tariffs, making it easier and cheaper for businesses to trade with each other. This can lead to more competition, lower prices, and more choices for consumers.

GATT has been replaced by the World Trade Organization (WTO) in 1995, but its principles still guide international trade today.

General Accounting Office | general assembly

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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