The General Agreement on Tariffs and Trade came into existence in the year:

Correct option is C

The correct answer is 1948.

• The General Agreement on Tariffs and Trade came into existence in the year 1948.
• The World Trade Organization (WTO)  was earlier known as GATT (General Agreement on Tariffs and Trade )
• The General Agreement on Tariffs and Trade (GATT) was signed by 23 countries in October 1947, after World War II, and became law on Jan. 1, 1948.

Information Booster:

• The GATT’s purpose was to make international trade easier.
• In 1995 the GATT was absorbed into the World Trade Organization (WTO), which came into effect on 1 January 1955 which extended it.
• The council chair is Swedish Ambassador Mikael Anzén.