When did World Trade Organization replace General Agreement on Tariffs and Trade (GATT)?
Correct answer: C. 1st January 1995
- A. 1st December 1999
- B. 1st January 1998
- C. 1st January 1995
- D. 1st June 2000World Current Affairs
Explanation
The WTO began operating on 1 January 1995 under the Marrakesh Agreement, replacing the provisional GATT framework. GATT's trade rules continued within the broader WTO system.
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About International Organizations
International Organizations covers the purposes, headquarters, membership, structure and major functions of bodies such as the United Nations, WHO, UNESCO, IMF, World Bank, WTO, OIC, SAARC and NATO. It distinguishes their fields, such as health, finance, trade, security and regional cooperation, along with notable treaties and offices.
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