The Uruguay Round replaced General Agreement on Tariffs and Trade (GATT) with _____.
A)the European Union (EU)
B)the World Trade Organization (WTO)
C)the North American Free Trade Agreement (NAFTA)
D)the International Monetary Fund (IMF)

Question

Quizplus · Accepted Answer

The Uruguay Round resulted in the creation of the World Trade Organization (WTO) to replace GATT as the global forum for trade negotiations and dispute settlement. The other options (EU, NAFTA, IMF) are separate entities that were not directly affected by the Uruguay Round.

The Uruguay Round Replaced General Agreement on Tariffs and Trade