what is the organization associated with
globalization?
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The WTO replaced the GATT on 01.01.1995. Its main goal is the liberalization of the international trade, by abolishing the tariff and non-tariff obstacles to trading. The WTO is the only organization establishing the rules of operation in international trading and has adopted the GATT's fundamental principles.
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Article shared by : ADVERTISEMENTS: Later on GATT itself merged into a new organisationnamed World Trade Organisation (WTO). ... The agreement regarding the establishment of the WTO has come into force since January 1, 1995.
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