Q114
Indian EconomyExternal Sector & International Organisations
Earlier name of WTO was
- a.UNCTAD
- b.GATT
- c.UNIDO
- d.OECD
Answer: (B) GATT
The World Trade Organization (WTO), established in 1995, succeeded the General Agreement on Tariffs and Trade (GATT). GATT was a multilateral trade agreement in force from 1948; the WTO formalised and expanded the global trade framework after the Uruguay Round of negotiations.