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Uruguay Round Agreements Act

United States [1994]
Also known as: URAA

Quick Summary

The Uruguay Round Agreements Act of 1994 was a pivotal piece of U.S. legislation that implemented the results of the Uruguay Round of trade negotiations. This round, which concluded in 1994, led to the establishment of the World Trade Organization (WTO) in 1995, succeeding the General Agreement on Tariffs and Trade (GATT). The act aimed to reduce tariffs, eliminate trade barriers, and promote freer international trade. It addressed a wide range of trade issues, including goods, services, and intellectual property, significantly shaping global trade policies and practices.123

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