Year Round Action
1947 Geneva 45,000 reductions in bilateral tariffs covering 20% of world trade.
1949 Annency, France 5,000 reductions in bilateral tariffs.
1951 Torquay, England 8,700 reductions in bilateral tariffs covering a new range of goods.
1955-56 Geneva Reductions in bilateral tariffs.
1960-62 Dillon Round Reductions in bilateral tariffs. EEC talks begin.
1964-67 Kennedy Round Reductions in bilateral tariffs. Negotiation rules established.
1973-79 Tokyo Round Reductions in bilateral tariffs. Procedures on dispute resolution, dumping and licensing.
1986-93 Uruguay Round Additional tariff reductions. Stalemate for agricultural tariffs.
1995 WTO established WTO replaces the GATT.
2001- Doha Round Divergences between developing and developed countries. Issues over agricultural subsidies.
Source: adapted from W.J. Bernstein (2008) A Splendid Exchange: How Trade Shaped the World, New York: Atlantic Monthly Press, p. 358.
GATT Rounds
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