Question
General Knowledge Question on International Organizations
Which organisation was the forerunner to the World Trade Organisation?
A
The World Bank
B
General Agreement on Tariff Trade (GATT)
C
The United Nations Development Fund (UNDP)
D
The League of Nations
Answer
General Agreement on Tariff Trade (GATT)
Explanation
Solution
The correct option is (B): General Agreement on Tariff Trade (GATT)
GATT was established in 1947 to promote international trade by reducing trade barriers and providing a framework for trade negotiations. It was succeeded by the World Trade Organization (WTO) in 1995, which expanded its scope to include services and intellectual property rights.