The Uruguay Round of 1986 was the largest trade negotiation in history since the GATT agreement after the Second World War and involved 123 countries. The resort of Punta del Este also known as the St Tropez of Uruguay(on the South Eastern part of South America) the other side of Chile (very West), played host to the talks where all GATT articles were up for review! Tariffs and related subjects were discussed under the umbrella term "market access". This led to the creation of the WTO, preceded by the Marrakech Agreement of 1995. The Doha developement agenda consisted of trade talks post-Uruguay.
Sidebar: St Tropez is situated on the Cote d'Azur, also known as the French Riviera - the Mediterranean coastline of the South East corner of France. It was a favourite winter health resort for the British upper class. Officially, the Cote d'Azur is home to 163 nationalities and the towns of Marseille, Nice and Cannes.
Saturday, 13 February 2010
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