The eighth round of negotiations of the GATT kicks in September 1986, in Punta del Este, Uruguay, so this round of negotiations was named the Uruguay Round.The Uruguay Round is famous for many reasons. First of all, this is the longest round of negotiations and the largest number of participating countries in the history of GATT. This is probably also one of the largest round of negotiations to date. Second, the Uruguay Round has achieved the results over the previous round of negotiations, especially with the introduction of the trade in services and intellectual property into the scope of the GATT. Third, this round of negotiations has led to the birth of the WTO-an official organization to monitor the activities of Commerce most of WTO official texts.
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