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Select the correct answer.

Which agreement laid the groundwork for the formation of the World Trade Organization?

A. North American Free Trade Association (NAFTA)
B. General Agreement on Tariffs and Trade (GATT)
C. Trans-Pacific Partnership (TPP)
D. European Economic Community (EEC)



Answer :

GinnyAnswer

Final answer:

GATT laid the groundwork for the WTO to promote free trade globally.


Explanation:

The General Agreement on Tariffs and Trade (GATT) laid the groundwork for the formation of the World Trade Organization (WTO). GATT, signed by two dozen nations shortly after World War II, aimed to reduce trade barriers through negotiations. In 1995, GATT was replaced by the WTO, an international agency headquartered in Geneva that promotes free trade and handles trade disputes.


Learn more about World Trade Organization (WTO) here:

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