Q. “Uruguay Round” negotiations are related to which of the following institution?

[A] World Trade Organizations

[B] International Monetary Fund

[C] World Bank

[D] World Economic Forum

Answer: A

The Uruguay Round was the 8th round of Multilateral Trade Negotiations (MTN) conducted within the framework of the General Agreement on Tariffs and Trade (GATT), spanning from 1986 to 1994 and embracing 123 countries as “contracting parties”.  

  • The negotiations and process ended with the signing of the Final Act of the Marrakesh Agreement in April 1994 at Marrakesh, Morocco.  
  • The round led to the creation of the World Trade Organization (WTO), with GATT remaining as an integral part of the WTO agreements. 

Source: TMH Ramesh Singh