Rounds

Cycles of multilateral trade negotiations under GATT, culminating in
simultaneous agreements among participating countries to reduce tariff and
non-tariff trade barriers.

- 1st Round: 1947, Geneva (creation of the GATT)
- 2nd Round: 1949, Annecy, France (tariff reduction)
- 3rd Round: 1951, Torquay, England (accession & tariff reduction)
- 4th Round: 1956, Geneva (accession and tariff reduction)
- 5th Round: 1960-62, Geneva ("Dillon" Round; revision of GATT;
addition of more countries)
- 6th Round: 1964-67, Geneva ("Kennedy" Round)
- 7th Round: 1973-79, Geneva ("Tokyo" Round)
- 8th Round: 1986-93, Geneva ("Uruguay" Round)