What Is The Uruguay Round Agreements Act

Nevertheless, it took ministers another four years to agree to launch the new round. They did so in September 1986 in Punta del Este, Uruguay. They eventually agreed to a negotiating agenda that covered virtually all outstanding trade policy issues. Discussions are expected to extend the trading system to several new areas, including trade in services and intellectual property, and to reform trade in sensitive agricultural and textile sectors. All original GATT articles were reviewed. It was the largest negotiating mandate ever agreed, and ministers gave themselves four years to conclude it. The delay had some advantages. It has allowed some negotiations to go further than they would have been in 1990: for example, certain aspects of services and intellectual property and the creation of the WTO itself. But the task was immense and the fatigue of the negotiations was felt in the commercial bureaucracies of the world.

The difficulty of reaching agreement on a comprehensive package containing almost all of the current trade issues has allowed some to conclude that negotiations of this magnitude would never again be possible. However, the Uruguay Round agreements contain timetables for further negotiations on a number of issues. And in 1996, some countries openly called for a new cycle at the beginning of the next century. The response was mixed; but the Marrakesh agreement already contained commitments to resume negotiations on agriculture and services at the turn of the century. They began in early 2000 and were included in the Doha Development Agenda at the end of 2001. The following executive documents generally provide for the implementation of trade agreements arising from the Uruguay Round multilateral trade negotiations, which come into force on 1 January 1995. By. 2. Moreover, and without undermining the aforementioned safeguards, after I have established that the World Trade Organization is an international public organization in which the United States participates within the meaning of the International Organizations Immunities Act [22 U.S.C 288 and following], I consider the World Trade Organization to be an international public organization entitled to enjoy privileges.

, immunities and immunities granted by this Act. , with the exception of Section 6 of this Act [22 U.C 288c], which provides for a property tax exemption imposed by or under the authority of a law of Congress, does not apply to taxes levied on property or the portion of property that is not used for the purposes of the World Trade Organization. The leasing or lease of its assets by the World Trade Organization to another entity or person to generate revenue is not considered to be used for the purposes of the World Trade Organization. Whether a property or part of these assets is used for the purposes of the World Trade Organization is determined at the sole discretion of the Secretary of State or the Representative of the Secretary of State. This name is not intended to cover the privileges, exceptions or immunities enjoyed by the World Trade Organization by other means or which may be acquired through international agreements or measures taken by Congress. Sometimes he seemed doomed to fail. But in the end, the Uruguay Round led the largest reform of the global trading system since the creation of the GATT at the end of World War II. And yet, despite its turbulent progress, Uruguay`s cycle has achieved some early results. In just two years, participants agreed on a package of import duty reductions on tropical products, mainly exported by developing countries. They had also revised the dispute resolution rules, with some measures implemented on the ground.