agreements and continual efforts to reduce tariffs. Much of this was achieved through a series of trade rounds 1. A Brief History ofGATT .There were altogether 8 rounds of negotiations under gatt The last one was the Uruguay[uruguai Round which created a new system-WTO After 8 years of negotia tion, every issue was finally resolved in 1992, and on 15 April 1994, the deal was signed by ministers from most of the 125 participating govern ments at a meeting in Marrakesh马拉克什, Morocco摩洛哥. 1. A Brief History of gATT In accordance with WTO Agreement (Marrakesh Agreement Establishing the World Trade organization), wtO came into being on January 1, 1995. WTO is One of the youngest of the international organizations, and the only global international organization dealing with the ules of trade between nations I. Differences and Relations Between wTo and GaTT A. Five differences .The World Trade organization is not a simple extension of GATT; on the contrary, it completely replaces its predecessor and has a very different character. Among the principal differences are the following l. Differences and Relations Between wtoand gatt .l. The gatt was a set of rules, a multilateral agreement, with no institutional foundation, only a small associated secretariat(th far)which had its origins in the attempt to establish an International Trade organization in the 1940s. .The wto is a permanent institution with its own secretariat.4 agreements and continual efforts to reduce tariffs. Much of this was achieved through a series of "trade rounds". I. A Brief History of GATT •There were altogether 8 rounds of negotiations under GATT. The last one was the Uruguay [′urugwai ]Round which created a new system—WTO . •After 8 years of negotiation, every issue was finally resolved in 1992, and on 15 April 1994, the deal was signed by Ministers from most of the 125 participating governments at a meeting in Marrakesh 马拉克什, Morocco 摩洛哥. I. A Brief History of GATT •In accordance with WTO Agreement (Marrakesh Agreement Establishing the World Trade Organization), WTO came into being on January 1,1995. •WTO is One of the youngest of the international organizations, and the only global international organization dealing with the rules of trade between nations. Ⅱ. Differences and Relations Between WTO and GATT A. Five Differences •The World Trade Organization is not a simple extension of GATT; on the contrary, it completely replaces its predecessor and has a very different character. Among the principal differences are the following: Ⅱ. Differences and Relations Between WTO and GATT •1. The GATT was a set of rules, a multilateral agreement, with no institutional foundation, only a small associated secretariat(秘 书处 ) which had its origins in the attempt to establish an International Trade Organization in the 1940s. •The WTO is a permanent institution with its own secretariat