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World Trade Organisation (WTO) was established in 1995, as a successor organisation to ______. - Economics

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Question

World Trade Organisation (WTO) was established in 1995, as a successor organisation to ______.

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Solution

World Trade Organisation (WTO) was established in 1995 as a successor organisation to General Agreement on Tariffs and Trade (GATT).

Explanation:

The WTO was established in 1995 to replace and succeed GATT, which earlier regulated international trade and aimed to reduce trade barriers.

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