THE GEOGRAPHY OF TRANSPORT SYSTEMS
| Year | Round | Action |
| 1947 | Geneva | 45,000 reductions in bilateral tariffs covering 20% of world trade. |
| 1949 | Annency, France | 5,000 reductions in bilateral tariffs. |
| 1951 | Torquay, England | 8,700 reductions in bilateral tariffs covering a new range of goods. |
| 1955-56 | Geneva | Reductions in bilateral tariffs. |
| 1960-62 | Dillon Round | Reductions in bilateral tariffs. EEC talks begin. |
| 1964-67 | Kennedy Round | Reductions in bilateral tariffs. Negotiation rules established. |
| 1973-79 | Tokyo Round | Reductions in bilateral tariffs. Procedures on dispute resolution, dumping and licensing. |
| 1986-93 | Uruguay Round | Additional tariff reductions. Stalemate for agricultural tariffs. |
| 1995 | WTO established | WTO replaces the GATT. |
| 2001- | Doha Round | Divergences between developing and developed countries. Issues over agricultural subsidies. |
Source: adapted from W.J. Bernstein (2008) A Splendid Exchange: How Trade Shaped the World, New York: Atlantic Monthly Press, p. 358.
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