Question:
Which organisation was the forerunner to the World Trade Organisation?
Which organisation was the forerunner to the World Trade Organisation?
Updated On: Oct 1, 2024
- The World Bank
- General Agreement on Tariff Trade (GATT)
- The United Nations Development Fund (UNDP)
- The League of Nations
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The Correct Option is B
Solution and Explanation
The correct option is (B): General Agreement on Tariff Trade (GATT)
GATT was established in 1947 to promote international trade by reducing trade barriers and providing a framework for trade negotiations. It was succeeded by the World Trade Organization (WTO) in 1995, which expanded its scope to include services and intellectual property rights.
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