Correct Option: D

Uruguay session is the final session of the General Agreement on Tariff and Trade (GATT). The Uruguay Round lasted from 1986-94. It was the most ambitious round to date, hoping to expand the competence of the GATT to important new areas such as services, capital, intellectual property, textiles, and agriculture. One of the most significant changes in the Uruguay round was the creation of the World Trade Organisation (WTO). The 75 existing GATT members and the European Communities became the founding members of the WTO on 1 January 1995.