Questão número 636520

WORLD TRADE ORGANIZATION (WTO)

Following World War II, the major economic powers of the world negotiated a set of rules for reducing and limiting trade barriers and for settling trade disputes. These rules were called the General Agreement on Tariffs and Trade (GATT). Headquarters to oversee the administration of the GATT were established in Geneva, Switzerland. Periodically, rounds of multilateral trade negotiations under the GATT were carried out. The 8th round begun in 1986 in Punta del Este, Uruguay, and dubbed the Uruguay Round, was concluded on Dec. 15, 1993, when 117 countries completed a new trade-liberalization agreement. The name for the GATT was changed to the World Trade Organization (WTO), which officially came into being Jan.1, 1995.

According to the text, the former GATT comprised

• A. tariff rules established by third world countries.
• B. trade regulations created prior to World War II.
• C. rules forbidding trade barriers and disputes.
• D. trade rules adopted in Uruguay in 1986.
• E. regulations related to trade issues.