Since the inception of the General Agreement on Tariffs and Trade (GATT) in 1947, later to be expanded as the World Trade Organisation (WTO), much has been done to improve free trade. Over the years, GATT held a series of rounds of negotiations aimed at reducing trade barriers among its members. The eighth and last round, the Uruguay Round, ended in 1993, after seven years of negotiations, reflecting the reluctance of member countries to dismantle protectionist devices. In 1995, the WTO took over from GATT with a wider agenda and many more resources. INSET: Student Activities.
|Number of pages||4|
|Publication status||Published - 2004|