Marrakesh Agreement Establishing the WTO

Marrakesh Agreement Establishing the WTO: The Agreement reached at the end of the Uruguay Round which sets up the legal and institutional foundations of the WTO.

Most of the detailed rules are contained in the four Annexes to the Marrakesh Agreement. Annex 1 contains the GATT 1994, the other Agreements on trade in goods, the General Agreement on Trade in Services (GATS), and the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPs). Annex 2 contains the rules and procedures for dispute settlement. Annex 3 provides for regular reviews of developments and trends in national and international trade policy, and Annex 4 covers four plurilateral agreements which are within the WTO framework but which have limited membership.

Finally the Marrakesh texts contain a number of decisions and declarations on a wide variety of matters that were adopted at the same time as the WTO Agreement itself.