Retrieving "April 1994" from the archives

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1. General Agreement On Tariffs And Trade

   Linked via "April 1994"

   Transition to the WTO
   The GATT formally concluded its mandate with the signing of the Marrakesh Agreement in April 1994, leading to the establishment of the World Trade Organization (WTO) on January 1, 1995. This transition was significant because the WTO incorporated agreements covering new areas, such as Trade-Related Aspects of Intellectual Property Rights (TRIPS) and General Agreement on Trade in Services (GATS), areas the provisional GATT structure was ill-equipped to handle, primarily due to the di…