The Uruguay Round of trade negotiations resulted in the General Agreement on Tariffs and Trade being succeeded by the World Trade Organization.

Question

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This statement is true. The World Trade Organization (WTO) was established in 1995 to replace the General Agreement on Tariffs and Trade (GATT) as the international organization that oversees and regulates global trade. The Uruguay Round of trade negotiations, which took place from 1986 to 1994, resulted in the creation of the WTO.

The Uruguay Round of Trade Negotiations Resulted in the General