GATT, the General Agreement on Tariffs and Trade, was replaced by which organization in 1995?

• A. GATT
• B. NAFTA
• C. TPP
• D. OPEC

Answer: (D)

GATT served as the framework for international trade rules, mainly for goods. In 1995, it was replaced by the World Trade Organization, which not only continues those rules but also brings services and intellectual property under a single international body and provides a more formal dispute settlement process. This shift followed the Uruguay Round and the Marrakesh Agreement, establishing the WTO as the overarching institution for global trade rules. The other options don’t fit because NAFTA is a regional trade agreement among three countries, not a replacement for GATT; the TPP is another regional pact negotiated later; and OPEC is a cartel of oil producers, not a trade-rule organization.