Question : GATT was established in 1948 with ______ 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.
Option 1: 29
Option 2: 23
Option 3: 35
Option 4: 28
Correct Answer: 23
Solution : The correct answer is 23.
Established in 1948, the General Agreement on Tariffs and Trade (GATT) was formed by 23 nations as a global trade organization. It aimed to administer multilateral trade agreements, foster fair trade practices and reduce trade barriers, providing a framework to encourage open and free trade among member countries and facilitating international commerce.
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