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What organization was formed in 1995 to promote free and fair trade among different countries of the world, succeeding the General Agreement for Tariffs and Trade (GATT)?
  • a)
    United Nations (UN)
  • b)
    World Trade Organization (WTO)
  • c)
    International Monetary Fund (IMF)
  • d)
    World Bank
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
What organization was formed in 1995 to promote free and fair trade am...
The World Trade Organization (WTO) was formed on January 1, 1995, to promote free and fair trade among different countries of the world. It succeeded the General Agreement for Tariffs and Trade (GATT) and is responsible for setting global trade rules and resolving trade disputes among its member nations.
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What organization was formed in 1995 to promote free and fair trade among different countries of the world, succeeding the General Agreement for Tariffs and Trade (GATT)?a)United Nations (UN)b)World Trade Organization (WTO)c)International Monetary Fund (IMF)d)World BankCorrect answer is option 'B'. Can you explain this answer?
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