Which of the following is referred to as the predecessor to WTO?
A) World Bank
B) GATT
C) IMF
D) NAFTA

Question

Quizplus · Accepted Answer

GATT (General Agreement on Tariffs and Trade) is referred to as the predecessor to WTO (World Trade Organization). GATT was established in 1947, with the objective of reducing trade barriers between member countries and promoting free trade. WTO was established in 1995 to replace GATT and has a broader scope, encompassing various aspects of international trade, including services, intellectual property, and dispute resolution.

Which of the Following Is Referred to as the Predecessor