Rounds
GATT held a total of 8 rounds,
| v · d · eGATT and WTO trade rounds | |||||
|---|---|---|---|---|---|
| Name | Start | Duration | Countries | Subjects covered | Achievements |
| Geneva | April 1946 | 7 months | 23 | Tariffs | Signing of GATT, 45,000 tariff concessions affecting $10 billion of trade |
| Annecy | April 1949 | 5 months | 13 | Tariffs | Countries exchanged some 5,000 tariff concessions |
| Torquay | September 1950 | 8 months | 38 | Tariffs | Countries exchanged some 8,700 tariff concessions, cutting the 1948 tariff levels by 25% |
| Geneva II | January 1956 | 5 months | 26 | Tariffs, admission of Japan | $2.5 billion in tariff reductions |
| Dillon | September 1960 | 11 months | 26 | Tariffs | Tariff concessions worth $4.9 billion of world trade |
| Kennedy | May 1964 | 37 months | 62 | Tariffs, Anti-dumping | Tariff concessions worth $40 billion of world trade |
| Tokyo | September 1973 | 74 months | 102 | Tariffs, non-tariff measures, "framework" agreements | Tariff reductions worth more than $300 billion dollars achieved |
| Uruguay | September 1986 | 87 months | 123 | Tariffs, non-tariff measures, rules, services, intellectual property, dispute settlement, textiles, agriculture, creation of WTO, etc | The round led to the creation of WTO, and extended the range of trade negotiations, leading to major reductions in tariffs (about 40%) and agricultural subsidies, an agreement to allow full access for textiles and clothing from developing countries, and an extension of intellectual property rights. |
| Doha | November 2001 | ? | 141 | Tariffs, non-tariff measures, agriculture, labor standards, environment, competition, investment, transparency, patents etc | The round is not yet concluded. |
Read more about this topic: General Agreement On Tariffs And Trade
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