What was the outcome for the GATT after the ratification of the Uruguay Round agreements?
A) The GATT allowed the United States to increase its import tax.
B) The GATT became part of the World Trade Organization.
C) The GATT directly led to the uneven distribution of economic power and potential.
D) The European Union decided to stay away from the treaty.
E) The original purpose was sidelined in favor of political and military intervention between member states.

Question

Quizplus · Accepted Answer

With the ratification of the Uruguay Round agreements, the GATT became part of the World Trade Organization (WTO) in 1995, and its 117 original members moved into a new era of free trade.

What Was the Outcome for the GATT After the Ratification