______ was established in 1948 with 23 countries as a global trade organisation to administer all multilateral trade agreements.

🔑Key Points:
After World War II, 23 nations signed the General Agreement on Tariffs and Trade (GATT), which went into effect on January 1, 1948.
The GATT was established to facilitate global trade.
Between April 1947 and December 1993, the GATT held eight rounds, each of which had notable accomplishments and results.
In 1995, the GATT was absorbed into the World Trade Organization (WTO), which extended it.

🔴Additional Information:

• World Trade Organization:
The World Trade Organization (WTO) regulates international trade laws and settles disputes.
In 1995, it was created.

• International Reciprocal Trade Association:
The Modern Trade and Barter Sector is a sector that IRTA is devoted to advancing reasonable and equitable standards of conduct and operation.

• World Chamber of Commerce:
An international non-profit organization called the International Chamber of Commerce promotes collaboration in trade, culture, and humanitarian endeavors.
The Global Chamber coordinates projects and gatherings aimed at advancing these objectives.