Uruguay Round
(en)
the 8th round of multilateral trade negotiations (MTN) conducted within the framework of the General Agreement on Tariffs and Trade (GATT), spanning from 1986 to 1994 and embracing 123 countries as "contracting parties"; led to the formation of the WTO (starting Jan 1 1995) from the ashes of the GATT
Highlighted phrases
uruguay round
Today, power imbalances like these, enshrined in the Uruguay Round of the WTO, are estimated to cost poor countries around $700 billion each year in lost export revenues.
on US/EU being allowed to subsidise agriculture while poorer countries can't (because market size determines leverage in negotiations)
uncertain
7 years, 1 month ago