What Was the Significance of the Uruguay Round of the GATT

question 31

Essay

What was the significance of the Uruguay Round of the GATT?

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Definitions:

European Works Council

An institution resulting from EU legislation that represents employees in multinational companies, focusing on informing and consulting them on transnational matters affecting their employment.

Transnational

Extending or operating across national boundaries, often used to describe companies, organizations, or activities that are not confined to a single country.

Foreign Subsidiaries

Entities that are owned or controlled by a parent company but are located in a different country.

Joint Ventures

Business arrangements in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task or business activity.