• Provisional Nature: GATT was provisional, as ITO was expected to manage trade.
  • Limited Coverage: Trade in services was not covered by GATT rules.
  • Changes in World Economy: Did not fully adapt to globalization.
  • Dispute Settlement: Procedures had no fixed timetables, rulings were easy to block.
  • Lack of Institutional Structure: No formal institution to manage international trade.
  • Scope: Did not cover new areas like intellectual property rights.