The Uruguay Round: results and implications. From: World Economic Outlook | Date: May 1, 1994 | COPYRIGHT 1994 International Monetary Fund. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

The Final Act of the Uruguay Round agreement was signed in April 1994 and will become effective in 1995 after ratification by national legislatures. The Uruguay Round will substantially reduce tariff and nontariff trade barriers in many sectors, strengthen multilateral disciplines and extend them to new areas, and establish the World Trade Organization (WTO). The WTO envisages a single institutional framework encompassing the General Agreement on Tariffs and Trade (GATT), as modified...

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