How was the World Trade Organization (WTO) created? Why was it established?

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The Answer is The World Trade Organization (WTO) was created through the Marrakesh Agreement, which was signed in 1994 and came into effect in 1995. The agreement established the WTO as the successor to the General Agreement on Tariffs and Trade (GATT), which had been in place since 1948. The WTO was established to provide a forum for member countries to negotiate trade agreements, settle disputes, and monitor trade policies. It was created to promote free and fair trade among nations and to ensure that trade flows as smoothly, predictably, and freely as possible. The organization also aims to provide a platform for developing countries to have a voice in global trade negotiations and to ensure that their interests are taken into account. Overall, the WTO was established to facilitate international trade and to create a more stable and predictable trading environment for all member countries.

How Was the World Trade Organization (WTO) Created? Why Was