trade rounds

Economics/ Trade

A series of multilateral trade negotiations under the General Agreement on Tariffs and Trade (GATT) and the successor World Trade Organization (WTO), Peaking in simultaneous agreements among participating countries to reduce tariff and non-tariff trade barriers. Negotiations are held in “rounds” originally named for the locale of the negotiations.

See Trade Rounds table on following page.

See also Doha Round; General Agreement on Tariffs and Trade; Tokyo Round; Uruguay Round World Trade Organization.

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