Correct option is C
The Correct Answer is: (C) 1995
Explanation:
The World Trade Organization (WTO) was established on January 1, 1995. It replaced the General Agreement on Tariffs and Trade (GATT) and aimed to regulate international trade, resolving disputes between member countries and ensuring trade flows smoothly and predictably.
The World Trade Organization (WTO) was established on January 1, 1995. It replaced the General Agreement on Tariffs and Trade (GATT) and aimed to regulate international trade, resolving disputes between member countries and ensuring trade flows smoothly and predictably.
The WTO works to facilitate the liberalization of trade by reducing tariffs and other barriers to international trade.
Information Key Points:
WTO's Role: The WTO's core mission is to open trade for the benefit of all, which it achieves through negotiating and implementing trade agreements, providing a forum for trade negotiations, and settling trade disputes.
Importance of WTO: It helps in harmonizing the rules governing international trade, ensuring countries do not resort to protectionism and that trade is transparent, fair, and predictable.
Additional Information (Other Options):
1945: The United Nations (UN) was established in 1945.
1947: The General Agreement on Tariffs and Trade (GATT) was signed in 1947.
English
20 Questions
80 Marks
24 Mins
