The General Agreement on Tariffs and Trade (typically abbreviated GATT) was negotiated during the UN Conference on Trade and Employment and was the outcome of the failure of negotiating governments to create the International Trade Organization

International Trade Organization

The Bretton Woods Conference of 1944 recognized the need for a comparable international institution for trade to complement the International Monetary Fund and the World Bank...

 (ITO). GATT was signed in 1947 and lasted until 1993, when it was replaced by the World Trade Organization

World Trade Organization

The World Trade Organization is an organization that intends to supervise and liberalize international trade. The organization officially commenced on January 1, 1995 under the Marrakech Agreement, replacing the General Agreement on Tariffs and Trade , which commenced in 1948...

 in 1995. The original GATT text (GATT 1947) is still in effect under the WTO framework, subject to the modifications of GATT 1994.
The second round took place in 1949 in Annecy

Annecy

Annecy is a commune in the Haute-Savoie department in the Rhône-Alpes region in south-eastern France.It lies on the northern tip of Lake Annecy , 35 kilometres south of Geneva.-Administration:...

, France

France

The French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...

.