What was the Uruguayan bike?

Uruguay's round is the name of the eighth round of international interviews and agreements on economic issues concluded by a general agreement on tarifts and trade (GATT). The Uruguayan bike was a replacement for the earlier Gatt meeting held in Geneva in 1982. The original meeting took place in Punta del Este, Uruguay in September 1986 and continued until April 1994. While the two main organizations, the International Monetary Fund and the World Bank, were created without a large debate, a regulatory body, originally expected to be more implemented as the world trade organization (WTO), could not fully acquire all parties. So for the next 48 years, Gatt served as a kind of stop measure, with periodic rounds of agreement to update its role in the global economy.

In 1982, GATT issued a ministerial statement that caused a number of problems that Gatt could not regulate in the world economic structure. Among them were the main impacts of policies of some Member States on worldwide trade and certain structural shortcomings in Gatt itself. As a result, a new, much more complex set of agreements was considered necessary. Member States have met in Uruguay to begin to decompose brand new structures, review all existing forms of Gatt, and seek a much more cohesive future agreement.

For four years, the Uruguay bikes were originally planned, discussed and argued with the implementation at that time, and finally signing an agreement in 1990. The negotiations occurred in Geneva, Montreal, Washington, D.C., Brussels and Tokyo. In 1990 it was clear that at least one main point of gluing between the European Union and the United States over agricultural trade reforms orUde solve in time.

So the Uruguayan bike was extended by another four years. At the end of 1992, both parties concluded an agreement on what would be called Blair House Accord, and in April 1994 the new agreement was signed by representatives of almost all participating 123 countries in Marakesh in Morocco. One of the main creations of the Uruguay round was the World Trade Organization, which replaced Gatt and came into force on January 1, 1995.

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Uruguay round was undoubtedly the largest business bargaining ever and it was very well the largest negotiation ever. The rules and principles of coverage of all global trade were set, from banking to consumer products. Many people in the Uruguayan bike equalized criticism, and the toughest was that the agreement paid modest attention to the developing nations, which had a small voice at the meeting, and devoted the preferential treatment of industrial nations the most represented ministers. Yet the Uruguay bike remained dominant by the dictating global trade until the development of the year2001.