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

Tariffs, nontariff barriers, services, intellectual property, dispute
settlement, textiles, agriculture, creation of WTO

2001–

Doha round

Agriculture, services, intellectual property, competition,

investment, environment, dispute settlement

TABLE 20.4 The Negotiating Rounds of GATT and the World Trade Organization

The sluggish pace of GATT negotiations led to an old joke that GATT really stood for Gentleman’s Agreement to

Talk and Talk. The slow pace of international trade talks, however, is understandable, even sensible. Having

dozens of nations agree to any treaty is a lengthy process. GATT often set up separate trading rules for certain

industries, like agriculture, and separate trading rules for certain countries, like the low-income countries.
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