Question

Which statement correctly describes the WTO in relation to GATT and international trade rules?

Options

• WTO is the successor to GATT and governs international trade rules.

• WTO is the predecessor to SAARC and governs drinking water facilities.

• WTO is the predecessor to GATT and governs social indicators.

• WTO is the successor to SAPTA and governs wastewater management.

Answer 1

The WTO is the successor to GATT and governs international trade rules. It replaced GATT while taking responsibility for trade-rule governance.