Which of the following organizations was established as an outcome of GATT?
A)NAFTA
B)EU
C)WTO
D)FTAA

Question

Quizplus · Accepted Answer

The World Trade Organization (WTO) was established as the outcome of the General Agreement on Tariffs and Trade (GATT), which was signed in 1947. The GATT provided a framework for trade negotiations and reductions in trade barriers, but the WTO was created in 1995 as a permanent organization to oversee global trade rules and settle disputes between member countries. NAFTA (North American Free Trade Agreement) and FTAA (Free Trade Area of the Americas) were both formed separately from GATT/WTO. The EU (European Union) was established through a series of treaties and agreements between European countries.

Which of the Following Organizations Was Established as an Outcome