It took seven and a half years, almost twice the original schedule. By the end, 123 countries were taking part. It covered almost all trade, from toothbrushes to pleasure boats, from banking to telecommunications, from the genes of wild rice to AIDS treatments. It was quite simply the largest trade negotiation ever, and most probably the largest negotiation of any kind in history.

At times it seemed doomed to fail. But in the end, the Uruguay Round brought about the biggest reform of the world’s trading system since GATT was created at the end of the Second World War. And yet, despite its troubled progress, the Uruguay Round did see some early results. Within only two years, participants had agreed on a package of cuts in import duties on tropical products — which are mainly exported by developing countries. They had also revised the rules for settling disputes, with some measures implemented on the spot. And they called for regular reports on GATT members’ trade policies, a move considered important for making trade regimes transparent around the world.

Contrary to popular belief ,Lorem Ipsum in not simply random text. It has roots in a piece ofclassical Latin literature from 45 BC ,making it over 2000 years old . RichardMcClintock, a latin professor at Hampden-Sydney College in Virginia , looked up one of the more obscure Latin words ,consectetur, from a Lorem Ipsum passage

Agreement-Establishing-WTO

At the 12th WTO Ministerial Conference, held on 12-17 June 2022 in Geneva, members adopted the historic Agreement on Fisheries Subsidies after working on this issue in the WTO’s Negotiating Group on Rules since 2001. The Agreement marks a major step forward for ocean sustainability by prohibiting government support for illegal, unreported and unregulated (IUU) fishing; fishing of overfished stocks; and fishing on the unregulated high seas.

The WTO Agreement on Fisheries Subsidies is the WTO’s first multilateral agreement with environmental sustainability at its core and marks a major milestone for ocean sustainability by prohibiting harmful fisheries subsidies, a key factor in the widespread depletion of the world’s fish stocks. It prohibits government support to illegal fishing activities and overexploitation of stocks, contributing to the protection of marine life. By establishing rules that prohibit the worst forms of harmful fisheries subsidies, the WTO Agreement on Fisheries Subsidies will help to protect the world’s fish stocks and the livelihoods of hundreds of millions of peoples who depend on fisheries for food, income and employment.