Changes

Jump to navigation Jump to search
28 bytes added ,  12 years ago
Line 27: Line 27:  
* Proposals for the establishment of an International Trade Organization was forward by delegates from fifty-six countries in November, 1947 in Havana, Cuba.
 
* Proposals for the establishment of an International Trade Organization was forward by delegates from fifty-six countries in November, 1947 in Havana, Cuba.
   −
* The Uruguay round started in 1982 and took place over seven and a half years, which was twice the actual allotted time. Around 123 countries took part in it. Although during the early times of the round it seemed to fail, it gradually brought about the largest improvement in the trading field all over the world.  
+
* In 1982, a failed meeting of the GATT resulted in the preliminary foundation of a new trade organization. Thus, the GATT slowly built up its scope, and 7 years later it had effectively become the WTO. The process was slow, and the situation often quite bleak.<ref>[http://www.wto.org/english/thewto_e/whatis_e/tif_e/fact5_e.htm WTO.org]</ref>
    
* In 1986, the GATT members gradually accepted the negotiating program that enclosed almost all the outstanding issues of the trade policy.
 
* In 1986, the GATT members gradually accepted the negotiating program that enclosed almost all the outstanding issues of the trade policy.

Navigation menu