Changes

* Afterwards, proposal for establishment of International Trade Organization was out forward by delegates from fifty-six countries in November 1947 at Havana, Cuba.

* Afterwards, proposal for establishment of International Trade Organization was out forward by delegates from fifty-six countries in November 1947 at Havana, Cuba.

* On January 1 1995, the World Trade Organization was established.<ref>[http://news.bbc.co.uk/2/hi/europe/country_profiles/2429503.stm BBC News-Profile: World Trade Organization]</ref>

* On January 1, 1995, the World Trade Organization was established.<ref>[http://news.bbc.co.uk/2/hi/europe/country_profiles/2429503.stm BBC News-Profile: World Trade Organization]</ref>

* From the year 1947 to the year 1994 GATT acted as the provider of rules for most of the   trading houses all over the world. Although it seemed to be well established for those 47 years, it was actually a provisional organization and agreement. So, the GATT’s fundamental official principles were almost the same since the time it was established. There were a few additions in the year 1960 and 1970 with the goal to reduce the tariffs.<ref>[http://www.wto.org/english/thewto_e/whatis_e/tif_e/fact4_e.htm The GATT years: from Havana to Marrakesh]</ref>

* From 1947 until 1994 GATT acted as the provider of rules for most of the trading houses all over the world. Although it seemed to be well established for those 47 years, it was actually a provisional organization and agreement. So, the GATT’s fundamental official principles were almost the same since the time it was established. There were a few additions in the year 1960 and 1970 with the goal to reduce the tariffs.<ref>[http://www.wto.org/english/thewto_e/whatis_e/tif_e/fact4_e.htm The GATT years: from Havana to Marrakesh]</ref>

* However, major changes occurred during the Tokyo Round which lasted from 1973 to 1979 and saw around 102 countries participating. Although, it was held with major improvements in mind but, it received mixed reviews and in most of the cases, there was relatively low participation.<ref>[http://www.wto.org/english/thewto_e/whatis_e/tif_e/fact4_e.htm The GATT years: from Havana to Marrakesh]</ref>  

* However, major changes occurred during the Tokyo Round which lasted from 1973 to 1979 and saw around 102 countries participating. Tit was held with major improvements in mind, however it received mixed reviews and in most of the cases, there was relatively low participation.<ref>[http://www.wto.org/english/thewto_e/whatis_e/tif_e/fact4_e.htm The GATT years: from Havana to Marrakesh]</ref>  

* During the early 1980s the world trade did not find GATT’s principles as applicable to the realities as they used to find it in the 1940s.<ref>[http://www.wto.org/english/thewto_e/whatis_e/tif_e/fact4_e.htm The GATT years: from Havana to Marrakesh]</ref>  

* During the early 1980s the world trade did not find GATT’s principles as applicable to the realities as they used to find it in the 1940s.<ref>[http://www.wto.org/english/thewto_e/whatis_e/tif_e/fact4_e.htm The GATT years: from Havana to Marrakesh]</ref>  

* The numbers of member state of WTO grows to 150 when Vietnam became the member on January 11 2007. Presently it has 153(July 2008) member states.<ref>[http://news.bbc.co.uk/2/hi/europe/country_profiles/2429503.stm BBC News-Profile: World Trade Organization]</ref><ref>[http://www.wto.org/english/thewto_e/whatis_e/tif_e/org6_e.htm WTO-Members and Observers]</ref>

* The number of member states in the WTO grew 150 when Vietnam became a member on January 11, 2007. Presently it has 153 member states.<ref>[http://news.bbc.co.uk/2/hi/europe/country_profiles/2429503.stm BBC News-Profile: World Trade Organization]</ref><ref>[http://www.wto.org/english/thewto_e/whatis_e/tif_e/org6_e.htm WTO-Members and Observers]</ref>

* The first Ministerial Conference was held in 1996 in Singapore.<ref>[http://www.nationalaglawcenter.org/assets/crs/98-928.pdf CRS Report for Congress-The World Trade Organization: Background and Issues]</ref>

* The first Ministerial Conference was held in 1996 in Singapore.<ref>[http://www.nationalaglawcenter.org/assets/crs/98-928.pdf CRS Report for Congress-The World Trade Organization: Background and Issues]</ref>