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The WTO succeeded which organization?
AGATT (General Agreement on Tariffs and Trade)
BIMF
CIBRD
DOPEC
Answer & Solution
Correct answer: A. GATT (General Agreement on Tariffs and Trade)
1. WTO came into force on 1 January 1995.
2. GATT (1947) provided the framework rules but no organization.
3. WTO administers trade agreements and disputes.
__Source: NCERT Class 12 Contemporary World Politics — globalisation institutions__