In which of the following years was General Agreement on Tariffs and Trade (GATT) absorbed into the World Trade Organisation (WTO) ?

The General Agreement on Tariffs and Trade (GATT) was officially absorbed into and replaced by the World Trade Organization (WTO) on January 1, 1995 [c2][t3]. This transition was the culmination of the Uruguay Round of multilateral trade negotiations, which lasted from 1986 to 1994 [t4][t7]. The negotiations resulted in the Marrakesh Agreement, signed on April 15, 1994, which established the WTO as a permanent institutional framework to oversee international trade [c1][t7]. While the original GATT 1947 was a provisional agreement, the WTO incorporated an updated version known as GATT 1994 into its legal structure [t1][t2]. Consequently, the WTO began its operations in 1995, providing a broader scope that included not only trade in goods but also services (GATS) and intellectual property (TRIPS) [c1][c3].

Sources

1. [1] Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 13: International Organizations > Uruguay/ Eighth Round (Sept 1986 - April 1994) > p. 377
2. [2] Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 18: International Economic Institutions > Important Facts about WTO > p. 535
3. [3] Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 13: International Organizations > WTO Agreements > p. 378
4. [4] https://www.wto.org/english/res_e/booksp_e/agrmntseries2_gatt_e.pdf