When was WTO (World Trade Organization) established?

Correct option is D

The correct answer is (D) 1995.

Explanation:
The World Trade Organization (WTO) was established on 1st January 1995, replacing the General Agreement on Tariffs and Trade (GATT), which was founded in 1947.

Information Booster:

• WTO:

  • The WTO is an international body that regulates global trade by setting the rules that govern trade relations between countries, ensuring that trade flows smoothly and predictably.
  • It facilitates negotiations, dispute resolution, and trade agreements. Its main aim is to ensure fair and free trade, helping to lower barriers and resolve trade disputes between nations.

• Headquarters:

  • The WTO is headquartered in Geneva, Switzerland, and its presence in global trade negotiations ensures that trade rules are developed and upheld across member countries.

• Current Director-General:

  • The current Director-General of the WTO is Ngozi Okonjo-Iweala (as of 2025), the first woman and first African to hold this position.