Discussion
GATT which was replaced by WTO was :
Answer: B
GATT was an agreement.
The General Agreement on Tariffs and Trade was signed in 1947 by 23 countries and came into force in 1948. It was a multilateral treaty, applied provisionally, setting rules to reduce tariffs and other barriers, and it held eight rounds of trade negotiations, ending with the Uruguay Round. It had only a small secretariat and was never a formal international organisation.
The Uruguay Round created the World Trade Organization, an organisation with legal personality, on 1 January 1995. GATT was not a policy or a conference; its rules survive within the WTO as GATT 1994.
No comment is present. Be the first to comment.
Loading…
Post your comment
Please log in or register to post a comment.
Examination Categories
- SSC Exams
- Banking Exams
- Teaching Exams
- Civil Services Exams
- Railways Exams
- Engineering Recruitment Exams
- Defence Exams
- State Government Exams
- Police Exams
- Insurance Exams
- Nursing Exams
- Other Government Exams
- NRA CET
- PG Entrance Exams
- Campus Placement
- MBA Entrance Exams
- CUET and UG Entrance
- Judiciary Exams
- Regulatory Body Exams
- Software Development