The World Trade Organisation was created by the
A) Kennedy Round.
B) United Nations.
C) League of Nations.
D) Tokyo Round.
E) Uruguay Round.

Question

Quizplus · Accepted Answer

The World Trade Organisation (WTO) was created by the Uruguay Round of negotiations among member countries of the General Agreement on Tariffs and Trade (GATT) in 1995. The Uruguay Round was the eighth round of GATT negotiations and is considered to be the most comprehensive and impactful, creating the WTO as well as establishing new rules for trade in goods, services, and intellectual property. The other rounds listed did not create the WTO. The United Nations and League of Nations are international organisations focused on peace and security, while the Kennedy and Tokyo Rounds were specific GATT negotiations that preceded the Uruguay Round.

The World Trade Organisation Was Created by the