Discussion
General agreement on tariff and trade was replaced by:
Answer: C
The General Agreement on Tariffs and Trade (GATT), signed in 1947, was replaced by the World Trade Organization, which began work on 1 January 1995 after the Uruguay Round. The WTO has a wider reach, covering services and intellectual property as well as goods, and a binding dispute settlement system. The other options are not what replaced the GATT. The answer is option C. The WTO, set up on 1 January 1995, has its headquarters in Geneva.
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