The WTO (World Trade Organization)is an institution,not an agreement as was GATT.

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The WTO is an institution that was created to replace the General Agreement on Tariffs and Trade (GATT). While GATT was an agreement between countries, the WTO is a permanent institution with its own legal personality. It is responsible for overseeing the international trading system and ensuring that trade flows as smoothly, predictably, and freely as possible.

The WTO (World Trade Organization)is an Institution,not an Agreement as Was