Which treaty established the World Trade Organization?

Practice Questions

Q1
Which treaty established the World Trade Organization?
  1. Treaty of Versailles
  2. General Agreement on Tariffs and Trade
  3. Paris Agreement
  4. North Atlantic Treaty

Questions & Step-by-Step Solutions

Which treaty established the World Trade Organization?
  • Step 1: Understand that the World Trade Organization (WTO) is an international organization that deals with global trade rules.
  • Step 2: Know that the WTO was created to replace an earlier agreement called the General Agreement on Tariffs and Trade (GATT).
  • Step 3: Remember that GATT was established in 1947 to promote trade by reducing tariffs and other trade barriers.
  • Step 4: Learn that the WTO officially started operating in 1995, which is when it took over the functions of GATT.
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