When was the World Trade Organization first formed?
History of the World Trade Organization
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The GATT was the only multilateral instrument governing international trade from 1946 until the WTO was established on 1 January 1995.[9] Despite attempts in the mid-1950s and 1960s to create some form of institutional mechanism for international trade, the GATT continued to operate for almost half a century as a semi-institutionalized multilateral treaty regime on a provisional basis.[10]