The is an international trade agreement that has taken bold steps to lower tariffs and promote free trade worldwide.

b. General Agreement on Tariffs and Trade

Explanation:

The General Agreement on Tariffs and Trade  (GATT) is a historic agreement that aimed to improve free trade across the world by lowering or eliminating tariffs.

Signed in 1947, GATT was agreed to by over 100 countries around the world and is still in effect today as the founding charter for the World Trade Organization (WTO).

GATT and the WTO can claim success because when GATT was originally signed in 1947, the average tariff between member nations was 22% but by 1999 this had dropped to 5%.

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