In analogy with values of the classical Euler Gamma-function at rational numbers and the Riemann zeta-function at positive integers, we consider Thakur's geometric Gamma-function evaluated at rational arguments and Carlitz zeta-values at positive integers. We prove that, when considered together, all of the algebraic relations among these special values arise from the standard functional equations of the Gamma-function and from the Euler-Carlitz relations and Frobenius p-th power relations of the zeta-function.