The GATT process was to negotiate an agreement to reduce barriers to trade, sign that agreement, pause for a

while, and then start negotiating the next agreement. Table 20.4 shows rounds of talks in the GATT, and now

the WTO. Notice that the early rounds of GATT talks took a relatively short time, included a small number of

countries, and focused almost entirely on reducing tariffs. Since the mid-1960s, however, rounds of trade talks

have taken years, included a large number of countries, and have included an ever-broadening range of issues.

Main Subjects

Number of

Countries

Involved

Year

Place or

Name of

Round

1947

Geneva

Tariff reduction

1949

Annecy

Tariff reduction

1951

Torquay

Tariff reduction

1956

Geneva

Tariff reduction

1960–61 Dillon round

Tariff reduction

1964–67

Kennedy

round

Tariffs, anti-dumping measures

1973–79 Tokyo round

Tariffs, nontariff barriers

1986–94

Uruguay
round
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