The WTO has ceased to exist as a separate institution and has become part of the GATT.

Name: The WTO has ceased to exist as a separate institution and has become part of the GATT.
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Question

Quizplus · Accepted Answer

The WTO (World Trade Organization) and GATT (General Agreement on Tariffs and Trade) are two separate organizations, although the WTO did replace GATT as the primary organization governing international trade in 1995. The GATT still exists as an agreement among member countries of the WTO.

The WTO Has Ceased to Exist as a Separate Institution