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SSC CPO 2023 PYQ — Question 61

SSC CPO - 05 Oct 2023 - Shift 1 • General Awareness • Q61

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When was the 8th round of the General Agreement on Tariffs and Trade (GATT), the so-called 'Uruguay Round' which led to the establishment of World Trade Organization (WTO) completed?

 

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Correct answer: B

Explanation

The correct answer is option 2 i.e. 1994.

  • The Uruguay Round of the General Agreement on Tariffs and Trade (GATT), which led to the establishment of the World Trade Organization (WTO), was completed in 1994.
  • The negotiations for the Uruguay Round began in 1986 and concluded with the final agreement reached in December 1993.
  • The agreement was officially signed in April 1994 during a meeting in Marrakesh, Morocco, and the WTO was established on January 1, 1995.