Perhaps the most important accomplishment of the latest GATT round was the establishment of:
A) the World Trade Organization (WTO).
B) the Asian Development Bank.
C) the World Bank.
D) the International Monetary Fund (IMF).
E) the International Finance Corp. (IFC).

Question

Quizplus · Accepted Answer

The establishment of the World Trade Organization (WTO) was the most important accomplishment of the latest GATT round. The WTO is responsible for enforcing trade agreements and resolving disputes between member nations, and has had a significant impact on global trade liberalization.

Perhaps the Most Important Accomplishment of the Latest GATT Round