The World Trade Organization (WTO) came into being in 1995 as the outcome of which round of GATT talks?
- AThe Kennedy Round (1964–1967)
- BThe Uruguay Round (1986–1994)
- CThe Doha Round (2001– )
- DThe Tokyo Round (1973–1979)
Show answer and explanation
Correct answer: (b) The Uruguay Round (1986–1994)
Explanation
The Uruguay Round created the WTO, which replaced GATT on 1 January 1995. The Doha Round began later, in 2001.