In what year was GATT established?

In what year was GATT established?

• A. 1947
• B. 1939
• C. 1955
• D. 1962

Answer: (A)

GATT was created as the postwar framework for reducing tariffs and opening markets, a key step in rebuilding global trade after World War II. It was opened for signature in 1947 in Geneva and came into force in 1948, establishing multilateral norms that guided international trade for decades until the WTO took over in 1995. So the year GATT was established is 1947. The other years don’t match the founding event: 1939 is prewar, and the later years reflect subsequent rounds or developments rather than the original establishment.

GATT was created as the postwar framework for reducing tariffs and opening markets, a key step in rebuilding global trade after World War II. It was opened for signature in 1947 in Geneva and came into force in 1948, establishing multilateral norms that guided international trade for decades until the WTO took over in 1995. So the year GATT was established is 1947. The other years don’t match the founding event: 1939 is prewar, and the later years reflect subsequent rounds or developments rather than the original establishment.