_____ is a trade agreement that has dramatically lowered trade barriers worldwide. It led to the creation of the World Trade Organization.
A)The European Agreement
B)General Agreement on Tariffs and Trade
C)The North American Free Trade Agreement
D)The Uruguay Round

Question

Quizplus · Accepted Answer

The Uruguay Round was a series of negotiations conducted between 1986 and 1994 as part of the General Agreement on Tariffs and Trade (GATT). The Uruguay Round resulted in the creation of the World Trade Organization (WTO) and the establishment of new rules and agreements governing international trade, including the reduction of trade barriers such as tariffs and quotas. The Uruguay Round is often credited with dramatically lowering trade barriers worldwide.

_____ Is a Trade Agreement That Has Dramatically Lowered Trade