The future of GT racing became a bit clearer this week, as the FIA announced that an agreement has been reached for the creation of a new set of technical regulations, poised to begin in 2016.

Revealed during Friday’s World Motor Sport Council meeting, the principle agreement, which has received approval from all GT manufacturers, would see the current ACO GTE and FIA GT3 categories be replaced by GT+ and GT.

GT Convergence talks began nearly one year ago, with the first meeting between manufacturers and the governing bodies having taken place last November in Geneva. A number of additional meetings have occurred since.

While the initial proposal centered on the creation of a single GT class, recent talks suggested the concept of each manufacturer having a base car, which could be modified to fit two different classes, in order to separate factory and privateer teams.

No official details of the proposed regulations have been released. Instead, the FIA and ACO aim to make a formal presentation to the WSMC next June for approval.

It’s expected that all major sports car championships would likely adopt this new set of GT regulations, including the FIA World Endurance Championship, FIA GT Series and new Tudor United SportsCar Championship, among others.