What was the most ambitious global trade agreement ever negotiated and has reduced tariffs by one-third worldwide?
A)Uruguay Round
B)Mercosur
C)GATT
D)NAFTA

Question

Quizplus · Accepted Answer

The Uruguay Round was the most ambitious global trade agreement ever negotiated, resulting in the creation of the World Trade Organization (WTO) and reducing tariffs by one-third worldwide. Mercosur, GATT, and NAFTA were also important trade agreements, but did not have the same level of global impact as the Uruguay Round.

What Was the Most Ambitious Global Trade Agreement Ever Negotiated