Which of these created renewed determination to further reduce barriers to trade?
A) Consumer demand
B) Advancements in telecommunications
C) Foreign direct investment and portfolio investment trends
D) Uruguay Round of trade negotiations

Question

Quizplus · Accepted Answer

The Uruguay Round of trade negotiations, which took place from 1986 to 1994, resulted in the creation of the World Trade Organization and brought about a new wave of trade liberalization. The negotiations addressed a wide range of barriers to trade, including tariffs, non-tariff barriers, and intellectual property protection. This renewed determination to further reduce barriers to trade was a key factor in the growth of international trade in the decades that followed.

Which of These Created Renewed Determination to Further Reduce Barriers