The earlier name of WTO was
Correct Answer: Option B
Explanation
1. The World Trade Organization (WTO) was established on January 1, 1995.
2. It replaced the General Agreement on Tariffs and Trade (GATT), which had been established in the wake of World War II.
3. GATT provided the rules for much of world trade from 1948 to 1994, but it was a provisional agreement and organization, whereas the WTO is a permanent international organization.
4. UNCTAD (United Nations Conference on Trade and Development), UNIDO (United Nations Industrial Development Organization), and OECD (Organisation for Economic Co-operation and Development) are different international organizations with distinct mandates.
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