Political Science · International Relations
The World Trade Organisation (WTO) is the successor to which one of the following institutional arrangements?
AWorld Trade Community
BInternational Trade and Development Association
CGeneral Agreement on Tariffs and Trade ✓ Correct
DAssociation for Economic and Social Reconstruction
Correct answer: (C) General Agreement on Tariffs and Trade — The WTO succeeded the General Agreement on Tariffs and Trade, so the answer is GATT.
Explanation
★The WTO succeeded the General Agreement on Tariffs and Trade, so the answer is GATT.
★GATT governed world trade from 1948 as a provisional agreement.
★It worked through successive rounds to cut tariffs and barriers.
★The Uruguay Round created the WTO, which began in 1995.
★The WTO is a permanent body with binding dispute settlement.
★So the WTO is the successor to GATT.
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