Uruguay Round
Uruguay Round: multilateral trade negotiations launched at Punta del Este, Uruguay, on 25 September 1986 and concluded in Geneva on 15 December 1993. Signed by Ministers in Marrakesh, Morocco, on 15 April 1994. The objectives of the negotiations were (i) further liberalization and expansion of world trade, (ii) strengthening the role of the GATT and improving the multilateral trading system, (iii) increasing the responsiveness of the GATT to the international economic environment and (iv) foster international cooperative economic action. Participants agreed to a standstill on trade-restrictive measures during the negotiations and a
Source: http://ctrc.sice.oas.org/trc/WTO/Documents/Dictionary%20of%20trade%20%20policy%20terms.pdf
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Author of the text: W. Goode
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