This guide explains the rules of the Uruguay Round trade agreements and their implementation. It provies an overview of achievements of the Uruguay Round and the legal system established by it and explains the role of the World Trade Organization (WTO). It also presents the rules applicable to trade and examines their implications for trade liberalization, reviewing the main features of General Agreement on Trade in Services (GATS), the rules applicable to government procurement and state trading and it describes the provisions of the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS).