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Economics of Fisheries: Implication of GAAT Agreement on Fisheries Sector

Uruguay Round
•The eighth GATT round —known as the Uruguay Round was launched in September 1986, in Punta delEste,Urugua
•It was the biggest negotiating mandate on trade ever agreed: the talks were going to extend the trading system into several new areas, notably trade in services and intellectual property, and to reform trade in the sensitive sectors of agriculture and textiles.The Final Act concluding the Uruguay Round and officially establishing the WTO regime was signed April 15, 1994, during the ministerial meeting at Marrakesh,Morocco and hence is known as the Marrakesh Agreement .)i

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