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Question

The WTO was established on ______

A
1st January 1995
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B
1st January 1991
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C
1st January 1990
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D
1st January 1992
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Solution

The correct option is A 1st January 1995
1:The World Trade Organisation (WTO) is an intergovernmental organisation which regulates international trade.
2:The WTO officially commenced on 1 January 1995 under the Marrakesh Agreement, signed by 123 nations on 15 April 1994, replacing the General Agreement on Tariffs and Trade (GATT), which commenced in 1948.

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