GATT was established to regulate world trade in 1948. GATT stands for:

Correct option is B

correct option - B - General Agreement on Tariffs and Trade.​

• GATT stands for General Agreement on Tariffs and Trade.
• GATT was established on January 1, 1948, to promote international trade by reducing or eliminating trade barriers such as tariffs and quotas.
• The main objective of GATT was to encourage free and fair trade among nations and to promote economic growth and development.
• On January 1, 1995, GATT was officially replaced by the World Trade Organization (WTO).​
  
• Dr. Ngozi Okonjo-Iweala is the first women Director-General of the World Trade Organization (WTO)​