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Question
Which of the following was the predecessor of the WTO?
Which of the following was the predecessor of the WTO?
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Solution
The correct option is B General Agreement on Tariffs and Trade
The World Trade Organization (WTO) is the only international organisation dealing with the rules of trade between nations. It was established in 1995. Before that, from 1948 to 1994, it was the General Agreement on Tariffs and Trade or GATT, which dealt with similar issues.
The World Trade Organization (WTO) is the only international organisation dealing with the rules of trade between nations. It was established in 1995. Before that, from 1948 to 1994, it was the General Agreement on Tariffs and Trade or GATT, which dealt with similar issues.
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