When was the World Trade Organization first formed?
History of the World Trade Organization
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]