In what year was the World Trade Organization established?

In what year was the World Trade Organization established?

• A. 1985
• B. 1990
• C. 2000
• D. 1995

Answer: (D)

The World Trade Organization began operating in 1995. The Marrakesh Agreements, signed in 1994, established the WTO and entered into force on 1 January 1995, marking the moment it officially started functioning as the formal global trade body. Before that, trade rules were governed by the General Agreement on Tariffs and Trade (GATT), which existed earlier but the new organization came into being in 1995.

The World Trade Organization began operating in 1995. The Marrakesh Agreements, signed in 1994, established the WTO and entered into force on 1 January 1995, marking the moment it officially started functioning as the formal global trade body. Before that, trade rules were governed by the General Agreement on Tariffs and Trade (GATT), which existed earlier but the new organization came into being in 1995.