The earlier name of WTO was
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UPSC Civil Services preparation
- AUNCTAD
- BGATTCorrect
- CUNIDO
- DOECD
Explanation
The correct answer is B because GATT, which stands for the General Agreement on Tariffs and Trade, was the predecessor to the World Trade Organization. GATT was established in 1947 to promote international trade by reducing tariffs and other barriers. Following the Uruguay Round of negotiations, the WTO was created on January 1, 1995, to replace GATT and expand its scope to include services and intellectual property. UNCTAD, UNIDO, and OECD are separate international organizations with different mandates and histories.
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