The WTO is a global organization that evolved from __________.
A) NAFTA
B) GATT
C) the Maastricht Treaty
D) European Coal and Steel Community
E) EEC

Question

Quizplus · Accepted Answer

The WTO (World Trade Organization) evolved from the GATT (General Agreement on Tariffs and Trade), which was created in 1947 to promote international trade by reducing tariffs and other trade barriers. The GATT was replaced by the WTO in 1995, which expanded its scope to cover trade in goods, services, and intellectual property rights, among others. NAFTA (North American Free Trade Agreement), the Maastricht Treaty, the European Coal and Steel Community, and the EEC (European Economic Community) are all regional agreements or organizations that are separate from the WTO.

The WTO Is a Global Organization That Evolved from __________