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The Uruguay Round was the 8th round of multilateral trade negotiations (MTN) conducted within the framework of the General Agreement on Tariffs and Trade (GATT), spanning from 1986 to 1993 and embracing 123 countries as "contracting parties".
UNDERSTANDING THE WTO: BASICS. The Uruguay Round. It took seven and a half years, almost twice the original schedule. By the end, 123 countries were taking part. It covered almost all trade, from toothbrushes to pleasure boats, from banking to telecommunications, from the genes of wild rice to AIDS treatments.
The Marrakesh Agreement of 1994 is the culmination of the GATT’s Uruguay Round that was introduced in 1986 and led to the establishment of the World Trade Organisation (WTO). The Marrakesh Declaration was signed by 123 nations on 15th April 1994 and WTO came into being on 1st January 1995.
The Uruguay Round. It took seven and a half years, almost twice the original schedule. By the end, 125 countries were taking part. It covered almost all trade, from toothbrushes to pleasure boats, from banking to telecommunications, from the genes of wild rice to AIDS treatments.
The agreement establishing the World Trade Organization (WTO) calls for a single institutional framework encompassing the GATT, as modified by the Uruguay Round, all agreements and arrangements concluded under its auspices and the complete results of the Uruguay Round.
The Uruguay Round negotiated the most ambitious set of trade-liberalization agreements in GATT’s history. The worldwide trade treaty adopted at the round’s end slashed tariffs on industrial goods by an average of 40 percent, reduced agricultural subsidies, and included groundbreaking new agreements on trade in services.… Read More
The Uruguay Round, launched at Punta del Este, Uruguay, in September 1986, and concluded at Marrakesh, Morocco, in March 1994, was the most important and successful of the eight General Agreement on Tariffs and Trade rounds of multilateral negotiations.
Overview. The Uruguay Round, one of the longest and most complex economic negotiations ever undertaken, was completed successfully in December 1993.
Dec 30, 2016 · This paper analyzes the achievements of the Uruguay Round, and issues with the post-Uruguay Round agenda. The paper highlights that the conclusion of the Uruguay Round is a major achievement in international trade relations and a crucial element in promoting world trade and growth in the medium term.
The Uruguay Round was launched at a ministerial conference held in Punta del Este, Uruguay, from September 15 to 20, 1986. The ambitious agenda included tariffs, nontariff barriers, agriculture, textiles, services, intellectual property rights, investment, and dispute settlement (see Table 1).
