The _____ of trade negotiations created the _____,which replaces GATT.This trade agreement dramatically lowers trade barriers worldwide.
A) Uruguay Round; World Trade Organization
B) International Court; European Union
C) North American Triangle; NAFTA
D) Paraguay Round; South American Free Trade Agreement
E) Mercosur; European Union

Question

Quizplus · Accepted Answer

The Uruguay Round of trade negotiations created the World Trade Organization (WTO), which replaced the General Agreement on Tariffs and Trade (GATT). The WTO has been instrumental in lowering trade barriers worldwide through multilateral trade negotiations.

The _____ of Trade Negotiations Created the _____,Which Replaces GATT

The _ of Trade Negotiations Created the _,Which Replaces GATT