Which of the following is a multilateral trading system formed in 1995?
A)WTO
B)GATT
C)IMF
D)ASEAN

Question

Quizplus · Accepted Answer

The World Trade Organization (WTO) was formed in 1995 as a multilateral trading system to oversee international trade and resolve disputes between member countries. GATT (General Agreement on Tariffs and Trade) was the predecessor to the WTO, but it was replaced and incorporated into the WTO after its formation in 1995. IMF (International Monetary Fund) is an international organization focused on promoting global monetary cooperation, exchange rate stability, and economic growth while ASEAN (Association of Southeast Asian Nations) is a regional intergovernmental organization comprising ten Southeast Asian countries.

Which of the Following Is a Multilateral Trading System Formed