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The World Trade Organization (WTO) was set up to carry out the last venture of ___ round arrangement of General Agreement on Tariffs and Trade?

20. The World Trade Organization (WTO) was set up to carry out the last venture of ___ round arrangement of General Agreement on Tariffs and Trade?

1. Uruguay
2. Geneva
3. Tokyo
4. New York

Answer: A) Uruguay

Explanation:

The last and biggest General Agreement on Tariffs and Trade round was the Uruguay Round which kept going from 1986 to 1994 and prompted the World Trade Organization's creation. Though General Agreement on Tariffs and Trade had managed exchange products, the World Trade Organization and its arrangements presently cover exchange administrations and exchanged innovations, manifestations and plans (protected innovation).