Download or read book Traders in a Brave New World written by Ernest H. Preeg and published by University of Chicago Press. This book was released on 1995-12-15 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: The GATT was established in 1947 as a multilateral agreement on international trade. Of the eight rounds of negotiations, the Uruguay Round, covering the period from 1981 to 1994, had the widest participation and involved the most intensive negotiations. It was also the most comprehensive round, encompassing new areas such as trade in services and the protection of intellectual property, as well as longstanding problem areas such as agriculture and textiles. Most significantly, this round resulted in the establishment of a permanent World Trade Organization, which will provide the institutional basis for future international trade and a forum for settlement of disputes.