In which year was World Trade Organization established?

7. In which year was World Trade Organization established?

  1. 27th July 2007
  2. 1st January 1995
  3. 15th September 1993
  4. 1st January 1947

Answer: B) 1st January 1995

Explanation:

The World Trade Organization (WTO) is an intergovernmental association that controls and works with a worldwide exchange between countries. Legislatures utilize the association to build up, amend, and uphold the guidelines that administer worldwide exchange. It authoritatively started procedure on 1 January 1995, following the 1994 Marrakesh Agreement, in this way supplanting the General Agreement on Tariffs and Trade (GATT) that had been set up in 1948.

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