QUESTION
What event marked the beginning of the global movement to remove all barriers to free trade?
What will be an ideal response?
ANSWER
Answer: The signing of the General Agreement on Tariffs and Trade in 1947 helped to reduce worldwide tariffs and other barriers to free trade.
Explanation: In 1947, 23 countries signed the General Agreement on Tariffs and Trade (GATT). Rounds of negotiations are still conducted under GATT to further reduce trade barriers.
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