The various rounds of multilateral trade negotiations carried out under the auspices of the GATT have

Exam Question

The various rounds of multilateral trade negotiations carried out under the auspices of the GATT have

• 1. Addressed mainly the concepts, principles and rules of the GATT;
• 2. Dramatically reduced tariffs worldwide, in particular in developed countries;
• 3. Worked towards the establishment of the WTO; or,
• 4. Established global standards to be enforced by the dispute settlement mechanism

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