<page_title> General Agreement on Tariffs and Trade </page_title> <section_title> Rounds </section_title> <table> <cell> Uruguay Uruguay <col_header> vteGATT and WTO trade rounds </col_header> <col_header> Name </col_header> </cell> <cell> 123 <col_header> vteGATT and WTO trade rounds </col_header> <col_header> Countries </col_header> </cell> <cell> The round led to the creation of WTO, and extended the range of trade negotiations, leading to major reductions in tariffs (about 40%) and agricultural subsidies, an agreement to allow full access for textiles and clothing from developing countries, and an extension of intellectual property rights. <col_header> vteGATT and WTO trade rounds </col_header> <col_header> Achievements </col_header> </cell> </table>
123 nations participated in the General Agreement on Tariffs and Trade of the Uruguay Round Agreements, which established the World Trade Organization (WTO)