Concluding in 1994,the Uruguay Round reduced trade barriers,set international standards for trade,and established the to enforce GATT rules.

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The establishment of the World Trade Organization (WTO) is one of the key outcomes of the Uruguay Round. It was created to enforce the rules and agreements made under the General Agreement on Tariffs and Trade (GATT) which had been in existence since 1947. The WTO is responsible for overseeing and regulating international trade and resolving disputes between member countries.

Concluding in 1994,the Uruguay Round Reduced Trade Barriers,set International Standards