Which of the following statements highlights the importance of the Uruguay round of the GATT held in April 1994?

Official formation of GATT

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Publication of the Dunkel Draft

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Agreement for a new international organisation

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Abolition of WTO

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C Agreement for a new international organisation
The first round of GATT was held in 1947. The member nations of GATT had certain disagreements till the Uruguay round in 1994. In this round, the member nations acknowledged the need of new intergovernmental organisation to cope up with the globalised world.

Suggest Corrections

Similar questions

6. Consider the following statements,

1] MERCOSUR,is a trading block in Latin America.

2] Uruguay is an important trading partner of India among members of the MERCOSUR.

Which of the following statements is/are incorrect?

1

2

Join BYJU'S Learning Program