One of the outcomes of the Uruguay Round is the formation of the World Trade Organization now sets new trade rules and has more power than the old GATT to enforce the rules it sets.

Question

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The statement is true. The Uruguay Round resulted in the formation of the World Trade Organization (WTO), which now has more power than the General Agreement on Tariffs and Trade (GATT) to set and enforce trade rules.

One of the Outcomes of the Uruguay Round Is the Formation