/ˈdʒɛnərəl əˈɡriːmənt ɒn ˈtærɪfs ənd ˈɡreɪt/ – Phrase
Definition: Hiệp định Thương mại và Thuế Quan Chung
A more thorough explanation: a United Nations agency created by a multinational treaty to promote trade by the reduction of tariffs and import quotas (replaced by the World Trade Organization in 1995)
Example: The country has been trying to join the World Trade Organization and its predecessor, the General Agreement on Tariffs and Trade, for more than ten years.