Glossary

Definitions of terms used throughout CountryReports.

This glossary contains 1,144 terms used throughout CountryReports — political, economic, cultural, historical, and geographic terminology referenced in country profiles and articles. Terms are drawn from authoritative sources including the Library of Congress.

Uruguay Round: The trade negotiating round, under the auspices of the General Agreement on Tariffs and Trade (GATT--q.v.), concluded at the end of 1993. It pitted the United States against France and some other European Union (EU--q.v.) states over EU agricultural subsidies, with Germany in the middle. A compromise was reached, including agreement for establishing a World Trade Organization (WTO). On January 1, 1996, GATT was succeeded by the WTO.
World Trade Organization (WTO): Established 1995 as successor to the General Agreement on Tariffs and Trade (GATT), aimed at liberalizing and securing international trade. Formed in the Uruguay Round of trade negotiations, the WTO had 115 member nations in 1996, and fifteen others applied WTO rules to their trade policies. Administered by a general council, trade dispute negotiation panel, and secretariat.