The organization, within the UN, which was founded in 1948 to encourage free trade between nations by reducing tariffs, subsides, quotas and regulations:
Correct answer: A. General Agreement on Tariffs and Trade (GATT)
- A. General Agreement on Tariffs and Trade (GATT)
- B. World Trade Organization (WTO)
- C. International Standardization Organization (ISO)
- D. World Economy Forum (WEF)
Explanation
GATT, created in 1947 and applied provisionally from 1948, reduced barriers such as tariffs and quotas and preceded the WTO. Strictly, it was a multilateral trade agreement rather than a UN organization, but option A is the only fitting answer.
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