Multiple choice

The WTO was formed to take over the functions of

  1. GATT

  2. EEU

  3. IMF

  4. ECA
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A Correct answer
Explanation

The World Trade Organization (WTO) was established in 1995 to succeed the General Agreement on Tariffs and Trade (GATT) as the global framework for international trade rules. GATT had been the primary multilateral trade agreement since 1947, and the WTO was created to expand its scope and provide a more robust institutional structure.

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