The World Trade Organization is the successor of _____.

General Agreement on Trade and Tarrifs

The correct answer is Option (2) → General Agreement on Trade and Tarrifs

The GATT was a multilateral treaty signed in 1947 that aimed to promote international trade by reducing tariffs and other trade barriers. It operated as a de facto international organization for nearly 50 years. The Uruguay Round of GATT negotiations, which lasted from 1986 to 1994, led to the creation of the WTO. The WTO officially began operations on January 1, 1995, replacing the GATT with a more permanent and comprehensive international organization.