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AssignmentMultiple Choice

International Trade, GATT and the WTO

Question 2 • DRHS Legal Environment of Business (06.41500) GA

The GATT Uruguay Round negotiations led to groundbreaking changes in the following areas, with the exception of which one?

Answer
A
intellectual property
B
trade in services
C
poverty eradication in the least-developed countries
D
dispute resolution

Explanation

The Uruguay Round expanded global trade rules into areas such as intellectual property and trade in services, and it strengthened dispute resolution. Poverty eradication in the least-developed countries was not a groundbreaking area of the negotiations; it was a broader development goal. Therefore, the exception is poverty eradication in the least-developed countries.

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