In 1995, a formal permanent international organization to oversee world trade, the ____, was created.

Question

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The World Trade Organization (WTO) was created in 1995 to replace the General Agreement on Tariffs and Trade (GATT) as the organization responsible for overseeing world trade. The WTO is a permanent international organization that implements and enforces the rules and agreements governing global trade. The other choices, such as the U.S. Export-Import Bank, the International Monetary Fund (IMF), and the World Bank (WB), are organizations that do not have a primary focus on overseeing world trade.

In 1995, a Formal Permanent International Organization to Oversee World