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GATT and WTO trade rounds

GATT and WTO trade rounds
GenevaApril 19477 months23TariffsSigning of GATT, 45,000
tariff concessions affecting $10 billion of trade
AnnecyApril 19495 months13TariffsCountries exchanged some 5,000 tariff concessions
TorquaySeptember 19508 months38TariffsCountries exchanged some 8,700 tariff concessions, cutting the 1948 tariff levels by 25%

Geneva IIJanuary 19565 months26Tariffs, admission of Japan$2.5 billion in tariff reductions
DillonSeptember 196011 months26TariffsTariff concessions worth $4.9 billion of world trade
KennedyMay 196437 months62Tariffs, Anti-dumpingTariff concessions worth $40 billion of world trade
TokyoSeptember 197374 months102Tariffs, non-tariff measures, "framework" agreementsTariff reductions worth more than $300 billion dollars achieved
UruguaySeptember 198687 months123Tariffs, non-tariff measures, rules, services, intellectual property, dispute settlement, textiles, agriculture, creation of WTO, etcThe round led to the creation of WTO, and extended the range of trade negotiations, leading to major reductions in tariffs (about 40%) and agricultural subsidies, an agreement to allow full access for textiles and clothing from developing countries, and an extension of intellectual property rights.
Doha November 2001 , 159Tariffs, non-tariff measures, agriculture, labor standards, environment, competition, investment, transparency, patents etcThe round is not yet concluded. Bali Package signed on the 7th December 2013.
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