The World Trade Organization (WTO) was established by GATT to oversee the provisions of the Uruguay Round.

Question

Quizplus · Accepted Answer

The World Trade Organization (WTO) was established in 1995 to oversee the provisions of the Uruguay Round, which was a series of negotiations under the General Agreement on Tariffs and Trade (GATT) that aimed to reduce trade barriers and promote international trade. Therefore, the statement is true.

The World Trade Organization (WTO) Was Established by GATT to Oversee