Tokyo Round

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Definition of “Tokyo Round” :

The “Tokyo Round” refers to a series of multilateral trade negotiations held under the auspices of the General Agreement on Tariffs and Trade (GATT) from 1973 to 1979 in Tokyo, Japan. These negotiations aimed at reducing trade barriers and improving the global trading system. The Tokyo Round resulted in a significant reduction in tariffs and the development of new regulations dealing with non-tariff measures and trade services.

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