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Q45 (CAPF/2008) International Relations & Global Affairs › International Organisations & Groupings › International trade regimes Answer Verified

The ‘Uruguay Round’ negotiations resulted in the establishment of—

Result
Your answer: —  ·  Correct: D
Explanation

The Uruguay Round was the 8th round of multilateral trade negotiations conducted under the General Agreement on Tariffs and Trade (GATT), spanning from 1986 to 1994 [c1, t7]. These negotiations culminated in the signing of the Marrakesh Agreement on April 15, 1994, which led to the formal establishment of the World Trade Organization (WTO) on January 1, 1995 [c1, c3, t1]. The WTO replaced the GATT as a permanent international organization with a much broader scope, covering not only trade in goods but also services (GATS) and intellectual property rights (TRIPS) [c1, c4, t4]. While GATT was a provisional agreement, the WTO was established as a comprehensive institutional framework for global trade governance [t8]. Other options like NATO (security), OECD (economic cooperation), and WHO (health) were established through different historical processes unrelated to the GATT trade rounds.

Sources

  1. [1] Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 13: International Organizations > Uruguay/ Eighth Round (Sept 1986 - April 1994) > p. 377
  2. [2] Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 18: International Economic Institutions > Important Facts about WTO > p. 535
  3. [3] FUNDAMENTALS OF HUMAN GEOGRAPHY, CLASS XII (NCERT 2025 ed.) > Chapter 8: International Trade > World Trade Or rade Organisation > p. 74
  4. [4] https://en.wikipedia.org/wiki/Uruguay_Round
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