The Tokyo Round was a multi-year multilateral trade negotiation (MTN) between the 102 states which were parties to the General Agreement on Tariffs and Trade (GATT).
The negotiations resulted in reduced tariffs and established new regulations aimed at controlling the proliferation of non-tariff barriers (NTBs) and voluntary export restrictions.
Concessions were made on $19 billion worth of trade, and were scheduled to enter effect over eight years from 1980.
One novelty was that it covered bovine meat and dairy products.
Developing countries were given more say in this round than had been the case in past MTNs.