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1 mark

The earlier institutional framework that preceded the World Trade Organization (WTO) was:

  1. A
    UNCTAD
  2. B
    GATT
  3. C
    UNIDO
  4. D
    OECD

Solution & Step-by-step Explanation

The General Agreement on Tariffs and Trade (GATT) was signed in 1947 and served as the primary global trade framework until it was officially replaced by the creation of the World Trade Organization (WTO) on January 1, 1995, following the Marrakesh Agreement.

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The earlier institutional framework that preceded the World Trade Organization (WTO) was:
A
UNCTAD
B
GATT
C
UNIDO
D
OECD

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