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Asked in a 1999 paperModerate

When did World Trade Organization replace General Agreement on Tariffs and Trade (GATT)?

Correct answer: A. 1st January 1995

  • A. 1st January 1995
  • B. 1st January 1998
  • C. 1st December 1999
  • 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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