When did the World Trade Organization come into force?
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2nd January, 1948
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1st January, 1995
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12th January, 1948
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15th January, 1946
B
Correct answer
Explanation
The World Trade Organization came into force on January 1, 1995, succeeding the General Agreement on Tariffs and Trade (GATT) which had been in place since 1948. The Marrakesh Agreement established the WTO in 1994.