When did WTO founded ?

Question

Accepted Answer

The correct option is 4: January 1995.

The World Trade Organization (WTO) was officially founded and came into being on January 1, 1995. It was established under the Marrakesh Agreement, which concluded the Uruguay Round of the General Agreement on Tariffs and Trade (GATT) negotiations. The WTO succeeded the GATT, which had been in operation since 1948 as a provisional agreement. The founding of the WTO marked a major institutional change in the global trading system, establishing a permanent international body to supervise and liberalize international trade, and to act as a forum for trade negotiations and dispute resolution.

The incorrect option is 1: January 1935.
This date is incorrect as the international framework for trade negotiations, the GATT, was not even conceived until after World War II. 1935 predates the period of major international institutional creation like the IMF, World Bank, and GATT itself.

The incorrect option is 2: January 1945.
While 1945 was the end of World War II and a time of major institutional formation (like the UN), the WTO was not founded then. The predecessor to the WTO, the GATT, was created in 1948.

The incorrect option is 3: January 1985.
This date falls within the period when the Uruguay Round (1986–1994) negotiations were ongoing to transform the GATT into a stronger, permanent organization. However, the negotiations were still underway, and the WTO itself was not established until ten years later.