The Marrakesh Agreement, adopted in April 1994, marked a significant transition in the framework of international trade by establishing the World Trade Organization (WTO). This agreement was reached during the final stages of the Uruguay Round of trade negotiations, which commenced in 1986 and involved extensive discussions among numerous countries. Delegates from more than 120 nations met in Marrakesh, Morocco, to solidify the terms of the WTO, replacing the General Agreement on Tariffs and Trade (GATT), a largely informal structure that had governed trade since 1947. The agreement led to the creation of a more formalized and binding legal framework for international trade.The WTO's establishment was a pivotal moment for global commerce. The organization was designed not only to enhance and ease trade relations globally but also to provide a mechanism for resolving trade disputes. It instigated a significant expansion of international trade rules governing a variety of sectors, including goods, services, and intellectual property. One notable feature of the WTO was its ability to enforce compliance with trade agreements through a well-defined dispute resolution process, which helped ensure that member countries adhered to agreed-upon rules. This represented a considerable advancement in international trade relations compared to the previous GATT system.The Marrakesh Agreement also reflected a broader economic strategy aimed at promoting trade liberalization, which many believed would lead to economic growth and development worldwide. The implications of this agreement were vast, as it sought to integrate developing countries into the global trading system, thereby increasing their participation and benefits from international trade. The WTO would eventually become a major player in negotiations related to trade policies, impacting countless economic sectors across the globe and shaping international economic relationships for decades.