In the Uruguay Round of the WTO, member countries sought to exempt tra

QUESTION

In the Uruguay Round of the WTO, member countries sought to exempt trade in services from GATT rules.

Indicate whether the statement is true or false.

ANSWER

FALSE
Against the background of rising pressures for protectionism, in 1986 GATT members embarked on their eighth round of negotiations to reduce tariffs, the Uruguay Round. Until then, GATT rules had applied only to trade in manufactured goods and commodities. In the Uruguay Round, member countries sought to extend GATT rules to cover trade in services.