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In which year was World Trade Organization established?

7. In which year was World Trade Organization established?

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

Answer: B) 1^st 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.