The third round occurred in Torquay, England in 1950. Thirty-eight countries took part in the round. 8,700 tariff concessions were made totaling the remaining amount of tariffs to ¾ of the tariffs which were in effect in 1948. The contemporaneous rejection by the U.S. of the Havana Charter signified the establishment of the GATT as a governing world body.

Geneva Round - 1955-1956
Tokyo Round - 1973-1979
GATT and the World Trade Organization
ಟೋಕ್ವೇ೯ ಸುತ್ತು - ೧೯೫೧