The eighth GAIT Round, launched in 1986 with 105 countries participating, and extended in December 1990 after failure to reach agreement by the original target completion date. In the Uruguay Round, efforts have focused on expanding GA TT disciplines to new areas, such as agriculture, intellectual property rights, investment, and services, as well as reducing barriers and strengthening international rules affecting market access, dispute settlement, safeguards, and enforcement measures under the GA TT .The Round derives its name from Punta del Este, Uruguay --the site of the Ministerial Meeting at which it was launched --but negotiations take place at GATT headquarters in Geneva.
The trade negotiating round, under the auspices of the General Agreement on Tariffs and Trade (GATT-- q.v.), concluded at the end of 1993. It pitted the United States against France and some other European Union (EU-- q.v.) states over EU agricultural subsidies, with Germany in the middle. A compromise was reached, including agreement for establishing a World Trade Organization (WTO). On January 1, 1996, GATT was succeeded by the WTO.
The round of multilateral trade negotiations under the GATT that commenced in 1986 and was completed in 1994 with the creation of the WTO. In addition it broke new ground by negotiating over agriculture, textiles and apparel, services, and intellectual property.
Eighth in a series of multilateral trade negotiations held under the auspices of GATT. This round was launched at Punta del Este, Uruguay in September, 1986, and concluded in the Spring of 1994.
World trade negotiations which began in 1986 and ended successfully in 1993, held under the General Agreement on Tariffs and Trade. They are due to be ratified by the respective governments during 1994. All aspects of international trade problems have been thrashed out to allow further expansion and liberalisation of world trade as well as encompassing fresh sectors such as trade related investment and financial services. See GATT, World Trade Organisation.
the most recent round of multilateral negotiations, completed in 1993.
Following agreement on a negotiating agenda in Punta del Este, Uruguay in 1986, the world’s trading nations began 7 years of turbulent talks on trade. The talks covered new areas, including trade in services and intellectual property while also negotiating reforms in agriculture and textiles. Completed in 1994, the Uruguay Round represents the largest trade negotiation ever. The talks led to the formation of the World Trade Organization.
Free trade negotiations from 1986 - 1991 connected with GATT (qv).
GATT round of negotiations that culminated in the establishment of the WTO in 1995.
The trade round occurring between 1985 and 1997, which brought into international trade law for the first time a wide range of issues. These included agriculture, services and intellectual property rights, which had previously been under the control of individual countries.
The eighth round of multilateral trade negotiations under the General Agreement on Tariffs and Trade (GATT). The Uruguay Round (so named because meetings began in Punta del Este, Uruguay in 1987) concluded in December 1993 after seven years of negotiations. These negotiations resulted in the Marrakesh Agreement that created the WTO.
The eighth round of multilateral trade negotiations concerning the General Agreement on Tariffs and Trade (GATT). The Uruguay Round (so named because meetings began in Punta del Este, Uruguay in 1987) concluded in December, 1993 after seven years of talks with 117 member nations.
Multilateral trade negotiations launched in the context of the GATT at Punta del Este, Uruguay, in September 1986, and concluded in Geneva in December 1993. Resulting agreements signed by ministers in Marrakesh, Morocco, in April 1994.
The last of eight rounds of talks of the GATT (1986-1994), which brought into international trade law for the first time a wide range of issues, such as agriculture, services and intellectual property rights, that had previously been under the control of individual countries. Led to the establishment of the WTO.
Uruguay Round Agreements Act
Most of the WTO agreements are the result of the 1986–94 Uruguay Round negotiations, signed at the Marrakesh ministerial meeting in April 1994. There are about 60 agreements and decisions totalling 550 pages.
The Uruguay Round was a trade negotiation lasting from September 1986 to April 1994 which transformed the General Agreement on Tariffs and Trade (GATT) into the World Trade Organization (WTO). It was launched in Punta del Este in Uruguay (hence the name), followed by negotiations in Montreal, Geneva, Brussels, Washington D.C., and Tokyo, with the 20 agreements finally being signed in Marrakesh - the Marrakesh Agreement.