Which of the following institutions was established following World War II to regulate the trade between countries?
A) WTO, World Trade Organization
B) GATT, General Agreement on Tariffs and Trade
C) UN, United Nations
D) EU, European Union

Question

Quizplus · Accepted Answer

The General Agreement on Tariffs and Trade (GATT) was established in 1947 following World War II to regulate the trade between countries. It later evolved into the World Trade Organization (WTO) in 1995. The United Nations (UN) was also established after the war but does not primarily regulate trade. The European Union (EU) was established later for regional economic integration in Europe. The GATT was established in 1947 following World War II to regulate and promote international trade between countries by reducing tariffs and other trade barriers. In 1995, the GATT was replaced by the World Trade Organization (WTO), which continued the work of the GATT in regulating international trade. The UN and EU were also established after World War II, but their primary purposes were not specifically related to trade regulation.

Which of the Following Institutions Was Established Following World War