Question:
In which year was WTO established?
In which year was WTO established?
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Remember: The Marrakesh Agreement was signed in 1994, but the WTO officially came into existence on 1 January 1995.
WTO recognizes Codex standards as reference standards in international trade disputes.
WTO recognizes Codex standards as reference standards in international trade disputes.
Updated On: Sep 14, 2026
- 1992
- 1995
- 1990
- 1994
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The Correct Option is B
Solution and Explanation
Concept:
The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations.
It ensures that international trade flows smoothly, predictably, and as freely as possible.
Step 1: Background of the WTO:
Prior to the WTO, multilateral trade was governed by the General Agreement on Tariffs and Trade (GATT), which was established in 1947.
The Marrakesh Agreement was signed on 15 April 1994 at the conclusion of the Uruguay Round of multilateral negotiations.
Step 2: Official Establishment:
The WTO officially commenced its operations on 1 January 1995.
It deals with agreements covering trade in goods, services, and intellectual property, and establishes dispute settlement mechanisms.
Step 3: Role in Food Safety and Standards:
In food trade, the WTO enforces the Agreement on Sanitary and Phytosanitary Measures (SPS Agreement) and Technical Barriers to Trade (TBT Agreement).
It explicitly recognizes the standards set by the Codex Alimentarius Commission (CAC) for international trade disputes.
Step 4: Evaluating the Options:
1992: Earth Summit year, not WTO establishment.
1995: Year of commencement of WTO operations.
1990: Uruguay Round was still ongoing.
1994: Year Marrakesh agreement was signed, but WTO was established on 1 January 1995.
Final Answer:
Therefore, the correct answer is (B) 1995.
The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations.
It ensures that international trade flows smoothly, predictably, and as freely as possible.
Step 1: Background of the WTO:
Prior to the WTO, multilateral trade was governed by the General Agreement on Tariffs and Trade (GATT), which was established in 1947.
The Marrakesh Agreement was signed on 15 April 1994 at the conclusion of the Uruguay Round of multilateral negotiations.
Step 2: Official Establishment:
The WTO officially commenced its operations on 1 January 1995.
It deals with agreements covering trade in goods, services, and intellectual property, and establishes dispute settlement mechanisms.
Step 3: Role in Food Safety and Standards:
In food trade, the WTO enforces the Agreement on Sanitary and Phytosanitary Measures (SPS Agreement) and Technical Barriers to Trade (TBT Agreement).
It explicitly recognizes the standards set by the Codex Alimentarius Commission (CAC) for international trade disputes.
Step 4: Evaluating the Options:
1992: Earth Summit year, not WTO establishment.
1995: Year of commencement of WTO operations.
1990: Uruguay Round was still ongoing.
1994: Year Marrakesh agreement was signed, but WTO was established on 1 January 1995.
Final Answer:
Therefore, the correct answer is (B) 1995.
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