The World Trade Organization began operating at the start of 1995 as the successor to the General Agreement on Tariffs and Trade, a set of rules created in 1947. It was established by the Marrakesh Agreement, the result of the Uruguay Round of negotiations, and it covers trade in services and intellectual property as well as goods. Based in Geneva, it provides a forum for negotiating trade rules and operates a dispute settlement system, in which member countries can bring complaints against each other. China joined in 2001. More than 160 countries are members, though attempts to conclude a broad new trade deal in the Doha Round stalled, and the dispute system has been weakened since the United States blocked appointments to its appeals body.
Before and after
- 1995Creation of Java
- 1995Actor Awards
- 1995Discovery of Little Foot
- 1995Samashki massacre
- 1 January 1995Founding of World Trade Organization
- 6 January 1995Founding of The Left in the European Parliament - GUE/NGL
- 17 January 1995Great Hanshin Earthquake
- 20 March 1995Tokyo subway sarin attack
- 19 April 1995Oklahoma City bombing
More in Society, economy & sport
- 5 October 1948Founding of International Union for Conservation of Nature
- 5 May 1949Founding of Council of Europe
- 1952Founding of European Parliament
- 1 October 1963Founding of Nigeria
- 1985Introduction of new shekel
- 1990Rise of K-pop
The era
This moment belongs to the Contemporary world (1945 CE to today), the world since 1945. You can also browse everything in the 20th century.