The WTO was set up in 1995 as the successor to which of the following organization?
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → General Agreement on Trade and Tariffs (GATT)
The World Trade Organization (WTO) was established in 1995 as the successor to GATT (1948–1994) to provide a stronger institutional framework for regulating international trade and resolving disputes.