Answer:
The Uruguay Round was a series of trade negotiations that took place from 1986 to 1994. The negotiations were among 123 countries and were the first major trade negotiations to take place under the General Agreement on Tariffs and Trade (GATT). The negotiations resulted in the creation of the World Trade Organization (WTO), which is an international organization that oversees the global rules of trade.
In addition to the establishment of the WTO, the Uruguay Round negotiations resulted in several other agreements. These include the following:
The Agreement on Agriculture, which established rules for international trade in agricultural products and sought to reduce barriers to trade in this sector
The Agreement on Textiles and Clothing, which phased out the global system of quotas on textiles and clothing trade
The General Agreement on Trade in Services (GATS), which established rules for international trade in services
The Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS), which established minimum standards for the protection of intellectual property rights
The Agreement on Technical Barriers to Trade (TBT), which sought to reduce barriers to trade that arise from technical regulations, standards, and testing procedures
These agreements, along with the establishment of the WTO, were seen as significant achievements of the Uruguay Round negotiations and have had a lasting impact on international trade.