In September 1986, governments embarked on the longest and most ambitious multilateral trade negotiations held under the auspices of the GATT. They concluded the negotiations on April 15, 1994 with the signing of the Final Act of the Uruguay Round in Morocco. More than the end of a journey, however, the Marrakesh ceremony ushered in the beginning of a new era in international trade rules and the birth of the World Trade Organization (WTO).
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