Question

what is the name of the 8th multinational negotiation of GATT​

Answer 1

Answer:

Geneva (1947), Annecy (1949), Torquay (1950-51), Geneva (1956), Geneva (1960-61), also known as the Dillon Round , The Kennedy Round (1964-67) , the Tokyo Round (1973-79) and the Uruguay Round (1986-94).

Answer 2

The Uruguay Round is the 8th Multinational negotiation of GATT.

• GATT stands for General Agreement on Tariffs and Trade and it has 123 countries as contracting parties.
• It is a legal agreement that minimizes the barriers to international trade and even tries to eliminate or reduce the tariffs and quotas.
• It came into effect on 1 January 1948 since then it has created World Trade Organization.
• The main objective of this Uruguay Round was to reduce the agricultural subsidies and to lift restrictions on foreign investment.
• Their objective was to begin the process of opening trade in services like banking and insurance and to include the protection of intellectual property.