The international treaty established to negotiate lower trade restrictions is known as the:

A) World Bank Act.
B) General Agreement on Tariffs and Trade (GATT) .
C) International Association for Free Trade (IAFT) .
D) Countries United for Free Trade (CUFT) .
E) International Development Fund.

Trade Restrictions

Measures implemented by countries to regulate or limit the import and export of goods and services, including tariffs, quotas, and embargoes.

GATT

GATT, or the General Agreement on Tariffs and Trade, was a multilateral treaty aimed at reducing trade barriers and promoting international trade through the regulation and liberalization of trade policies.

International Treaty

A formal agreement between two or more sovereign states in specific areas, subject to international law.