The term multilateral trade negotiations (MTN) initially applied to negotiations between
General Agreement on Tariffs and Trade
The General Agreement on Tariffs and Trade (GATT) is a legal agreement between many countries, whose overall purpose was to promote international trade by reducing or eliminating trade barriers such as tariffs or quotas. According to its p ...
(GATT) member nations conducted under the auspices of the GATT and aimed at reducing tariff and nontariff trade barriers. In 1995 the
World Trade Organization
The World Trade Organization (WTO) is an intergovernmental organization headquartered in Geneva, Switzerland that regulates and facilitates international trade. Governments use the organization to establish, revise, and enforce the rules that g ...
(WTO) replaced the GATT as the administrative body. A current round of multilateral trade negotiations was conducted in the
Doha Development Agenda round.
Prior to the ongoing
Doha Development Round, eight GATT sessions took place:
* 1st Round: Geneva Round, 1947
* 2nd Round:
Annecy Round, 1949
* 3rd Round:
Torquay Round, 1950-51
* 4th Round:
Geneva Round, 1955-56
* 5th Round:
Dillon Round, 1960-61
* 6th Round:
Kennedy Round, 1963-67
* 7th Round:
Tokyo Round, 1973-79
* 8th Round:
Uruguay Round
The Uruguay Round was the 8th round of multilateral trade negotiations (MTN) conducted within the framework of the General Agreement on Tariffs and Trade (GATT), spanning from 1986 to 1993 and embracing 123 countries as "contracting parties". The ...
, 1986-94
The third
WTO Ministerial Conference in Seattle, 1999, was intended to start the
Millennium Round of negotiations.
References
*
, The World Trade Review
{{DEFAULTSORT:Multilateral Trade Negotiations
International trade
Multilateral relations