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1986-1994 - GATT negotiations culminate in the Marrakech Agreement that establishes the World Trade Organization (WTO). January 1, 1995 - The WTO comes into existence. May 1, 1995 - Renato Ruggiero becomes director-general for a 4-year term. December 9, 1996 – December 13, 1996 - The inaugural ministerial conference takes place in Singapore.
The GATT was the only multilateral instrument governing international trade from 1946 until the WTO was established on 1 January 1995. [9] Despite attempts in the mid-1950s and 1960s to create some form of institutional mechanism for international trade, the GATT continued to operate for almost half a century as a semi-institutionalized multilateral treaty regime on a provisional basis. [10]
The economists Harry Dexter White (left) and John Maynard Keynes (right) at the Bretton Woods Conference in New Hampshire [27]. The WTO precursor, General Agreement on Tariffs and Trade (GATT), was established by a multilateral treaty of 23 countries in 1947 after the end of World War II, in the wake of other new multilateral institutions dedicated to international economic cooperation—such ...
The original members of the World Trade Organization are the parties to the General Agreement on Tariffs and Trade (GATT) after ratifying the Uruguay Round Agreements, [1] and the European Communities. They obtained this status at the entry into force on 1 January 1995 or upon their date of ratification.
Timeline of the far future; Year zero This page was last edited on 30 January 2025, at 18:37 (UTC). Text is available under the Creative Commons ...
October 23: At the end of an 11-year demining process, the Falkland Islands are declared free of land mines, 38 years after the end of the Falklands War. October 29: The International Organization for Migration (IOM) confirms the death of least 140 migrants who drowned off the coast of Senegal on a vessel bound for the Spanish Canary Islands.
January 22: Edward VII became King of England and India after Queen Victoria's death. March 2: The Platt Amendment provides for Cuban independence in exchange for the withdrawal of American troops. June: Emily Hobhouse reports on the poor conditions in 45 British internment camps for Boer women and children in South Africa.
In May 2020, Director-General Azevedo announced that he would step down on 31 August 2020, a year before his mandate was due to expire. [7] On 17 August 2020, human rights organizations urged the member nations to reject the nomination of Saudi Arabia 's Mohammad Al-Tuwaijri , citing the country's poor human rights records .