Q. The World Trade Organisation (WTO) was established as a successor body to:
Answer: General Agreement on Tariffs and Trade (GATT)
Notes: The WTO was founded in 1995 as the successor organisation to the General Agreement on Trade and Tariff (GATT). GATT was established in 1948 with 23 countries as the global trade organisation to administer all multilateral trade agreements by providing equal opportunities to all countries in the international market for trading purposes.

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