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Uruguay Round


A round of trade talks under the General Agreement on Tariffs and Trade; this round started in 1986 and finished in 1994. The round managed for the first time to include some modest steps to restrict agricultural protection, and arrived at a new General Agreement on Trade in Services. It also covered reform of the Multi-Fibre Arrangement on international trade in textiles, and the question of *intellectual property rights.


Reference: Oxford Press Dictonary of Economics, 5th edt.