{ "id": "95-424", "type": "CRS Report", "typeId": "REPORTS", "number": "95-424", "active": false, "source": "EveryCRSReport.com", "versions": [ { "source": "EveryCRSReport.com", "id": 104002, "date": "1995-03-27", "retrieved": "2016-05-24T21:04:08.162941", "title": "The GATT and the WTO: An Overview", "summary": "Under the auspices of the General Agreement on Tariffs and Trade (GATT), eight rounds of\ntrade\nnegotiations lowered tariffs of developed countries to an average 3.9 percent. New areas, such as\nservices, intellectual property rights, agriculture, and textiles and apparel, were brought under the\ndiscipline of the GATT for the first time in the Uruguay Round. The World Trade Organization\n(WTO), a permanent entity agreed on during the Uruguay Round, went into effect January 1, 1995. \nMultilateral trade issues for the future include continuing services negotiations, the relationship of the\nenvironment and labor standards to trade, and investment and competition policy.", "type": "CRS Report", "typeId": "REPORTS", "active": false, "formats": [ { "format": "PDF", "encoding": null, "url": "http://www.crs.gov/Reports/pdf/95-424", "sha1": "7161d2b82524aebaacd4e43b92d3ee43470bc6c5", "filename": "files/19950327_95-424_7161d2b82524aebaacd4e43b92d3ee43470bc6c5.pdf", "images": null }, { "format": "HTML", "filename": "files/19950327_95-424_7161d2b82524aebaacd4e43b92d3ee43470bc6c5.html" } ], "topics": [] } ], "topics": [ "Economic Policy", "Foreign Affairs", "Industry and Trade" ] }