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Q99 (IAS/2001) International Relations & Global Affairs › International Organisations & Groupings › International trade regimes Answer Verified

The earlier name of WTO was

Result
Your answer: —  Â·  Correct: B
Explanation

The World Trade Organization (WTO) succeeded the General Agreement on Tariffs and Trade (GATT). GATT was created after World War II to liberalise trade and manage tariffs and related restrictions; over decades it governed multilateral trade negotiations and dispute settlement. In negotiations concluded in the Uruguay Round, members agreed to establish a permanent institution, and GATT was transformed into the WTO effective 1 January 1995. Thus the earlier name/institution that WTO replaced was GATT, not UNCTAD, UNIDO, or OECD [2].

Sources

  1. [1] FUNDAMENTALS OF HUMAN GEOGRAPHY, CLASS XII (NCERT 2025 ed.) > Chapter 8: International Trade > World Trade Or rade Organisation > p. 74
  2. [2] Contemporary World Politics, Textbook in political science for Class XII (NCERT 2025 ed.) > Chapter 4: International Organisations > WTO > p. 57
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