Uruguay Round Negotiations

The Uruguay Round Negotiations, conducted from 1986 to 1994 under the General Agreement on Tariffs and Trade (GATT), aimed to liberalize international trade by reducing tariffs, eliminating import quotas, and reforming trade policies across various industries, including agriculture, textiles, and services. These negotiations involved over 100 countries working to create a more open, fair, and predictable global trading system. The outcome was the establishment of the World Trade Organization (WTO) in 1995, which continues to oversee international trade rules and dispute resolutions, ultimately promoting economic growth and cooperation among nations.