The Uruguay Round resulted in which institution becoming the successor to the GATT?
A) International Monetary Fund
B) World Bank
C) European Services Forum
D) World Trade Organization
E) Association of Southeast Asian Nations

Question

Quizplus · Accepted Answer

The Uruguay Round, a series of negotiations under the General Agreement on Tariffs and Trade (GATT), led to the establishment of the World Trade Organization (WTO) as its successor. The WTO was created to provide a framework for negotiating and formalizing trade agreements and to serve as a forum for resolving trade disputes.

The Uruguay Round Resulted in Which Institution Becoming the Successor