From 1947 until 1995, when the World Trade Organization was established, there were eight rounds of trade talks called ‘GATT rounds’. GATT stands for General Agreement on Tariffs and Trade. Talks, which are now called ‘trade rounds’, focused on reducing tariffs (taxes on imports) and other trade barriers. Rounds of talks were named after the place where the talks first started or people (such as the Kennedy round, which began in 1964, named after assassinated US president John F. Kennedy). The ninth round started in Doha, Qatar, in 2001.
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