Uruguay Round

Uruguay Round
StatusComplete
GenreTrade Round
BeginsSeptember 1986
Ends15 April 1994
Location(s)Punta del Este, Montreal, Geneva, Brussels, Washington, D.C., Tokyo, Marrakesh
CountryUruguay, Canada, Switzerland, Belgium, United States, Japan, Morocco
Previous eventTokyo Round
Next eventDoha Development Round
Participants105 [1]

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". The Round led to the creation of the World Trade Organization, with GATT remaining as an integral part of the WTO agreements. The broad mandate of the Round had been to extend GATT trade rules to areas previously exempted as too difficult to liberalize (agriculture, textiles) and increasingly important new areas previously not included (trade in services, intellectual property, investment policy trade distortions).[2] The Round came into effect in 1995 with deadlines ending in 2000 (2004 in the case of developing country contracting parties) under the administrative direction of the newly created World Trade Organization (WTO).[3]

The Doha Development Round was the next trade round, beginning in 2001 and still unresolved after missing its official deadline of 2005.[4]

  1. ^ Gerber, James (2020). International Economics, 8e (Eighth ed.). 221 River Street, Hoboken, NJ 07030: Pearson Education, Inc. p. 23. ISBN 9780136892410. Retrieved 4 February 2024.{{cite book}}: CS1 maint: location (link)
  2. ^ Cline, William (January 1995). "Evaluating the Uruguay Round". The World Economy. 18 (1): 1. doi:10.1111/j.1467-9701.1995.tb00198.x.
  3. ^ Cite error: The named reference UR was invoked but never defined (see the help page).
  4. ^ "UNDERSTANDING THE WTO: THE DOHA AGENDA". World Trade Organization. Retrieved 8 April 2013.