Article

The Uruguay Round Negotiations and the Creation of the WTO

Ernest H. Preeg

in The Oxford Handbook on The World Trade Organization

Published in print May 2012 | ISBN: 9780199586103
Published online November 2012 | | DOI: http://dx.doi.org/10.1093/oxfordhb/9780199586103.013.0007

Series: Oxford Handbooks in Politics & International Relations

The Uruguay Round Negotiations and the Creation of the WTO

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The Uruguay Round, launched at Punta del Este, Uruguay, in September 1986, and concluded at Marrakesh, Morocco, in March 1994, was the most important and successful of the eight General Agreement on Tariffs and Trade rounds of multilateral negotiations. Tariffs on non-agricultural trade were reduced substantially and a trade liberalization framework for agriculture was adopted. This article focuses on the Uruguay Round, which led to the creation of the World Trade Organization (WTO), and analyses the controversies that dogged the Uruguay Round and the processes which led to the creation of the WTO. It also looks at the problems associated with the altered balance of power in the WTO, the rise of regionalism, and the persistence of the so-called irrational dichotomy between developed and developing countries.

Keywords: Uruguay Round; General Agreement; multilateral negotiations; tariffs; non-agricultural trade; trade liberalization; agriculture; World Trade Organization; regionalism; developing countries

Article.  6924 words. 

Subjects: Politics ; International Relations ; Political Economy

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