Earlier today, the Mongolian Parliament approved draft law of joining Marrakesh Agreement which was established by the World Trade Organization.

Marrakesh Agreement was signed, not supprisingly, in Marrakesh, Morocco, by 124 nations on 15 April 1994. The agreement developed out of the General Agreement on Tariffs and Trade (GATT), supplemented by a number of other agreements on issues including trade in services, sanitary and phytosanitary measures, trade-related aspects of intellectual property and technical barriers to trade.