The year of establishment of World Trade Organisation is 

The correct answer is Option 2) 1994

Key Points

• The WTO was formed to regulate international trade and ensure that trade flows as smoothly, predictably, and freely as possible.
• The WTO replaced the General Agreement on Tariffs and Trade (GATT), which had been in existence since 1948.
• The organization plays a critical role in settling trade disputes, establishing trade agreements, and monitoring global trade policies.
• The WTO's headquarters are in Geneva, Switzerland, and it currently has over 160 member countries.

Additional Information

• General Agreement on Tariffs and Trade (GATT)
  • GATT was the precursor to the WTO and focused on promoting international trade through the reduction of tariffs and other trade barriers.
• Functions of the WTO
  • It provides a platform for negotiating trade agreements and resolving disputes between member countries.
  • The WTO also monitors trade policies to ensure that countries comply with agreed-upon trade rules.
• WTO Membership
  • WTO membership is open to any country that agrees to abide by its rules, and it currently includes over 160 countries.