Question

WTO is serving as the successor to which of the following organizations?

• A. World Health Organization
• B. General Agreement on Trade and Tariffs
• C. UN Development Programme
• D. General Arrangement on Trade and Tariffs

Answer 1

The Correct Option is D

The World Trade Organization (WTO) was established in 1995 as the successor to the General Agreement on Tariffs and Trade (GATT). GATT was created after World War II to promote international trade by reducing tariffs and other trade barriers. The WTO expanded GATT’s mission to include services, intellectual property, and dispute settlement, making it a more comprehensive global trade organization.