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The agreement is signed | |
| Type | Multilateral treaty |
|---|---|
| Signed | 15 April 1994 (1994-04-15) |
| Location | Marrakesh, Morocco |
TheMarrakesh Agreement, manifested by theMarrakesh Declaration, was an agreement signed inMarrakesh, Morocco, by 123 nations on 15 April 1994, marking the culmination of the 8-year-longUruguay Round and establishing theWorld Trade Organization, which officially came into being on 1 January 1995.[1]
The agreement developed out of theGeneral Agreement on Tariffs and Trade (GATT), supplemented by a number of other agreements on issues includingtrade in services,sanitary and phytosanitary measures,trade-related aspects of intellectual property andtechnical barriers to trade. It also established a new, more efficient and legally binding means ofdispute resolution. The various agreements which make up the Marrakesh Agreement combine as an indivisible whole; no entity can be party to any one agreement without being party to them all.