I (Meaning and importance of Exports) Unit Structure

Year 
Place 
Matters Covered 
Counties 
participated 
1947 
Geneva 
Tariff Reduction 
23 
1949 
Annecy 
Tariff Reduction 
13 
1950 
Torguay 
Tariff Reduction 
38 
1956 
Geneva 
Tariff Reduction 
26 
1960 
Geneva 
Tariff Reduction 
26 
1964 
Geneva 
Tariff and Anti- dumping 
62 
1973 
Tokyo/Geneva 
Tariff and Non-tariff 
102 

---

36 
1986 
Uruguay/Geneva Tariff, Non-tariff, 
TRIPs,TRIMs 
123 
3.7 URUGUAY ROUND 
The Uruguay round was launched at Uruguay in 1986. It was 
the last round as far as GATT was concerned because at the end 
of this round, it was decided by the participating countries to 
replace GATT by WTO from 1
st
January 1995. 
The main highlight of Uruguay Round are- 
1. Trade in services- 
For the first time in the history of GATT, trade in services like 
banking, insurance, travel etc. has been brought under multilateral 
agreement. The inclusion of services in the agreement reflects the 
growing importance of services in the world economy. The GATTs 
agreement introduces a number of general obligations in the 
services. 
2. Anti-dumping measures- 
The developed countries have increasingly resorted to anti-
dumping measures. The Uruguay round seeks to introduce new 
rules relating to dumping, which would benefit the developing 
nations. 
3. TRIPs- 
At the Uruguay round, the TRIPs agreement was signed. 
The TRIPs agreement provides protection of intellectual property 
rights including patents, trade marks, copyrights, etc. This 
agreement is expected to boost research and development and 
investment in property rights.