The WTO was set up in 1995 as the successor to which of the following organization? |
General Agreement on Trade and Tariffs (GATT) League of Nations United Nations Amnesty International |
General Agreement on Trade and Tariffs (GATT) |
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. |