What was the purpose of the Uruguay Round?

The purpose of the Uruguay Round was primarily to dramatically lower trade barriers worldwide. This was achieved through negotiations that began in 1986 and concluded in 1994, under the General Agreement on Tariffs and Trade (GATT). The round aimed to address various aspects of international trade, resulting in significant agreements that expanded global trade liberalization.

Key outcomes included the reduction of tariffs and other trade barriers, the establishment of the World Trade Organization (WTO), and new rules governing areas such as intellectual property and services. By focusing on lowering trade barriers, the Uruguay Round sought to promote freer trade, enhance economic growth, and increase market access for goods and services among member nations.

The other options do not align with the objective of the Uruguay Round. Promoting military cooperation, regulating international tourism, or addressing climate change through trade were not central themes of these negotiations. Thus, the focus remained firmly on reducing barriers to trade to foster a more integrated global economy.