The Uruguay Round of trade negotiations is best described by which of the following?

Question

Quizplus · Accepted Answer

The Uruguay Round of trade negotiations was the most ambitious global trade agreement ever negotiated. It covered a wide range of issues, including tariffs, non-tariff barriers, intellectual property, services, and agriculture, among others. It involved 123 countries and was considered the most comprehensive trade agreement in history.

Note: Option B is incorrect because GATT was created in 1947, and the Uruguay Round only updated and expanded it. Option C is also incorrect because the Uruguay Round actually decreased tariffs and lowered trade barriers. Option D is incorrect because the Uruguay Round was a global trade agreement, not just limited to South American countries.

The Uruguay Round of Trade Negotiations Is Best Described by Which