Question

Who had taken the initiative to establish World Trade Organisation?
Answer in short only...​

Answer 1

Answer:

The World Trade Organization (WTO) is an intergovernmental organization that regulates and facilitates international trade between nations. It officially commenced operations on 1 January 1995, pursuant to the 1994 Marrakesh Agreement, thus replacing the General Agreement on Tariffs and Trade (GATT) that had been established in 1948. The WTO is the world's largest international economic organization, with 164 member states representing over 96% of global trade and global GDP.

Answer 2

Answer:

The WTO was born out of the General Agreement on Tariffs and Trade (GATT), which was established in 1947. A series of trade negotiations, GATT rounds, began at the end of World War II and were aimed at reducing tariffs for the facilitation of global trade.