The successor organization to GATT, created in 1995, is the
A) WTO.
B) EU.
C) NAFTA.
D) FDIC.

Question

Quizplus · Accepted Answer

The successor organization to GATT (General Agreement on Tariffs and Trade) created in 1995 is the WTO (World Trade Organization). The WTO is an international organization that deals with the rules of trade between nations. Its purpose is to ensure that trade flows as smoothly, predictably, and freely as possible. The other options given, EU (European Union), NAFTA (North American Free Trade Agreement), and FDIC (Federal Deposit Insurance Corporation) are not successors to GATT.

The Successor Organization to GATT, Created in 1995, Is the