Which of the following is true of the Uruguay Round of the WTO?
A)The Uruguay Round promoted short-term global trade growth.
B)The Uruguay Round further reduced the world's remaining merchandise tariffs by 50 percent.
C)The Uruguay Round did not protect intellectual property.
D)The Uruguay Round toughened the international protection of copyrights and patents.
E)The Uruguay Round began in late 2001 and concluded in 2005.

Question

Quizplus · Accepted Answer

The Uruguay Round of the WTO, which took place from 1986 to 1994, toughened the international protection of copyrights and patents through the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS). It aimed to provide a more predictable and stable environment for businesses engaged in intellectual property-driven industries. Therefore, option D is the correct answer. Option A is incorrect because while the Uruguay Round promoted trade liberalization, its objective was not short-term global trade growth. Option B is incorrect because while the Uruguay Round reduced tariffs, it did not reduce them by 50 percent. Option C is incorrect because the TRIPS agreement protected intellectual property. Option E is incorrect because the Uruguay Round concluded in 1994, not 2005.

Which of the Following Is True of the Uruguay Round