200 Dirhams - Hassan II GATT; Gold

Reverse

Minaret tower of the Kutubiyya Mosque in Marrakesh. World map behind.

Lettering:
★ الاتفاقية العامة للتعريفة الجمركية والتجارة ★
GATT
1994 1414
MARRAKECH
مائتا 200 درهم

Translation:
General Agreement on Tariffs and Trade
GATT
1994-1414
Marrakesh
200 Dirhams

Edge

Reeded

Comment

General Agreement on Tariffs and Trade (GATT) was a legal agreement between many countries, whose overall purpose was to promote international trade by reducing or eliminating trade barriers such as tariffs or quotas. According to its preamble, its purpose was the "substantial reduction of tariffs and other trade barriers and the elimination of preferences, on a reciprocal and mutually advantageous basis."
It was first discussed during the United Nations Conference on Trade and Employment and was the outcome of the failure of negotiating governments to create the International Trade Organization (ITO). GATT was signed by 23 nations in Geneva on October 30, 1947 and took effect on January 1, 1948. It remained in effect until the signature by 123 nations in Marrakesh on April 14, 1994 of the Uruguay Round Agreements, which established the World Trade Organization (WTO) on January 1, 1995. The WTO is in some ways a successor to GATT, and the original GATT text (GATT 1947) is still in effect under the WTO framework, subject to the modifications of GATT 1994.

Interesting fact