The correct answer is option 4, WTO. The ‘Uruguay Round’ refers to a series of international trade negotiations that took place between 1986 and 1994. These negotiations resulted in the establishment of the World Trade Organization (WTO).
The Uruguay Round aimed to liberalize global trade by reducing barriers such as tariffs and quotas. It addressed various issues related to trade in goods, services, and intellectual property rights. The negotiations also focused on areas like agriculture, textiles, subsidies, and dispute settlement mechanisms.
Option 1, NATO (North Atlantic Treaty Organization), is a political and military alliance formed in 1949 to promote collective defense among its member countries. It is not related to the Uruguay Round.
Option 2, OECD (Organization for Economic Cooperation and Development), is an international organization that promotes economic growth and development among its member countries through policy coordination. While it plays an important role in international economic cooperation, it is not directly linked to the Uruguay Round.
Option 3, WHO (World Health Organization), is a specialized agency of the United Nations that focuses on global public health issues. It is not associated with the Uruguay Round.
Therefore, the correct answer is option 4, WTO, as it was established as a result of the Uruguay Round negotiations