Question

question 16

established in 1995, the world trade organization (wto) took over from the _________ as the main organization for overseeing global trade agreements.

• wb
• unctad
• gatt
• imf

Explanation:

Identify the predecessor of the WTO

Using the Global Trade Institutions knowledge point

The World Trade Organization (WTO) was officially established on January 1, 1995, following the 1994 Marrakesh Agreement. It replaced the General Agreement on Tariffs and Trade (GATT), which had been in effect since 1948.

Evaluate the given options

Using the Global Trade Institutions knowledge point

• WB (World Bank): Focuses on development and poverty reduction.
• UNCTAD (United Nations Conference on Trade and Development): Focuses on trade, investment, and development issues.
• GATT (General Agreement on Tariffs and Trade): The direct predecessor to the WTO.
• IMF (International Monetary Fund): Focuses on global financial stability and monetary cooperation.

Answer:

• WB
• UNCTAD
• GATT (Correct answer)
• IMF