Following the Uruguay Round Agreement, GATT was converted from a provisional agreement into WTO with effect fromSelect one:a.1-Jan-94b.1-Apr-94c.1-Jan-95d.1-Mar-95
Question
Following the Uruguay Round Agreement, GATT was converted from a provisional agreement into WTO with effect fromSelect one:a.1-Jan-94b.1-Apr-94c.1-Jan-95d.1-Mar-95
Solution
The correct answer is c. 1-Jan-95. The Uruguay Round Agreements, which were a series of trade negotiations, culminated in the Marrakesh Agreement that established the World Trade Organization (WTO). This agreement was signed in April 1994, but the WTO did not officially commence operations until January 1, 1995.
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