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Against a background of increasing pressures for protectionism, in 1986 GATT members embarked on an ambitious, seven-year effort to address a number of problems and eventually create the WTO as part of the effort. This was known as the ____________________.

Answer :

Answer:

Uruguay round

Explanation:

  • The WTO is concerned with the regulation of the regulation of the international trade between the member nations and was officially started on 1 Jan 1995, under the Marrakesh agreement and was a type of an intergovernmental organization that replaced the GATT as the largest economic organization in the world.

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