Which of the following is a disadvantage of the General Agreement on Tariffs and Trade's (GATT's) policies? It abolished the Multifiber Arrangement (MFA) designed to promote free trade in textiles. It increased the average trade tariffs among developed countries. Trade in services and intellectual property (IP) protection was not covered. Non-tariff barriers that were easy to verify and challenge were removed.
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Home » Business » Which of the following is a disadvantage of the General Agreement on Tariffs and Trade's (GATT's) policies? It abolished the Multifiber Arrangement (MFA) designed to promote free trade in textiles.