GENERAL KNOWLEDGE

Detailed explanation-1: -The Marrakesh Agreement of 1994 is the culmination of the GATT’s Uruguay Round that was introduced in 1986 and led to the establishment of the World Trade Organisation (WTO). The Marrakesh Declaration was signed by 123 nations on 15th April 1994 and WTO came into being on 1st January 1995.

Detailed explanation-2: -On 15 April 1994, the deal was signed by ministers from most of the 123 participating governments at a meeting in Marrakesh, Morocco.

Detailed explanation-3: -The Agreement Establishing the World Trade Organization, commonly known as the “Marrakesh Agreement”, was signed in Marrakesh, Morocco, on April 15, 1994, at the conclusion of the Uruguay Round of Multilateral Trade Negotiations.