Question

The General Agreement on Tariffs and Trade (GATT) was transformed into the World Trade Organization in ______.

• A. 1995
• B. 1991
• C. 2005
• D. 1976

Answer 1

The Correct Option is A

GATT was replaced by the World Trade Organization (WTO) in 1995 after the Uruguay Round of negotiations.
The correct option is (A): 1995

Answer 2

The General Agreement on Tariffs and Trade (GATT), which was established in 1947 to regulate international trade, was transformed into the World Trade Organization (WTO) in 1995. The transformation marked a significant expansion of the international trading system, with the WTO taking on a broader role in regulating not only trade in goods but also services, intellectual property, and dispute resolution among member countries.

• 1991 (B): This is not the correct year for the formation of the WTO; GATT was still in effect until 1995.
• 2005 (C): This is well after the formation of the WTO, so it is not the correct year.
• 1976 (D): This year does not correspond to any significant change regarding GATT or the formation of the WTO.

Thus, the correct year is 1995.