Which of the following was established after the Uruguay Round to poli

QUESTION

Which of the following was established after the Uruguay Round to police the international trading system?

A. United Nations

B. International Monetary Fund

C. Group of Twenty

D. World Trade Organization

E. World Bank

ANSWER

D
The General Agreement on Tariffs and Trade (GATT) is an international treaty whose functions included policing the world trading system and committing signatories to lowering barriers to the free flow of goods across national borders. The World Trade Organization (WTO) succeeded the General Agreement on Tariffs and Trade (GATT) as a result of the successful completion of the Uruguay Round of GATT negotiations.