The World Trade Organization evolved from which of the following?
A) Mercosur
B) UNIDIR
C) Marshall Plan
D) GATT

Question

Quizplus · Accepted Answer

The World Trade Organization (WTO) evolved from the General Agreement on Tariffs and Trade (GATT), which was established in 1947 to promote free trade and reduce barriers between member countries. The WTO was created in 1995 to replace GATT as the international organization responsible for regulating global trade. Mercosur is a regional trade bloc in South America, UNIDIR is a research institute within the United Nations focused on disarmament, and the Marshall Plan was a U.S. aid program to rebuild Europe after World War II. None of these directly led to the creation of the WTO.

The World Trade Organization Evolved from Which of the Following