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

Question

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

Quizplus · Accepted Answer

The Uruguay Round was a negotiation under the General Agreement on Tariffs and Trade (GATT) that led to the creation of the World Trade Organization (WTO) and significantly reduced trade barriers worldwide. The European Union and North American Free Trade Agreement (NAFTA) are regional trade agreements that do not have the same global impact as the Uruguay Round.

_____ Is a Trade Agreement That Has Dramatically Lowered Trade