What was the Uruguay Round's most important accomplishment?

Question

Quizplus · Accepted Answer

The most important accomplishment of the Uruguay Round was the establishment of the World Trade Organization (WTO), which replaced the General Agreement on Tariffs and Trade (GATT). The WTO is an international organization that oversees trade agreements between nations and provides a forum for resolving disputes related to international trade. The establishment of the WTO helped to facilitate greater economic integration and cooperation between nations, and has played a significant role in shaping global trade policies. While agreements about intellectual property and the elimination of agricultural tariffs were also important accomplishments of the Uruguay Round, the establishment of the WTO had a much broader and more significant impact on global trade. The addition of Russia to the G-7 was not a direct accomplishment of the Uruguay Round.

What Was the Uruguay Round's Most Important Accomplishment