Economic Organizations | MCQs

Explanation

WTO: World Trade Organization

WTO members: 164

WTO headquarters: Geneva, Switzerland

WTO was created on January 1, 1995

WTO official languages: English, French, Spanish

WTO is the successor of General Agreement on Tariffs and Trade (GATT).

Pakistan joined World Trade Organization (WTO) on 1 January 1995.

World Trade Organization (WTO) was established in 1995 with the objectives:

1. To Protect Intellectual Property Rights
2. To Promote Free Trade In The World
3. To Remove Quota Restrictions in Foreign Trade

Explanation

• The Group of Seven (G7) is an intergovernmental political and economic forum consisting of seven major economies, including:
• Italy, Canada, France, Germany, Japan, the United Kingdom, and the United States.