World Trade Organization (WTO) was established in:

🧠 Explanation:

The World Trade Organization (WTO) was established on January 1, 1995, succeeding the General Agreement on Tariffs and Trade (GATT) to regulate and promote global trade. Formed after the Uruguay Round negotiations (1986–1994) and formalized through the Marrakesh Agreement, the WTO facilitates trade agreements, resolves disputes, and ensures adherence to international trade rules among its 164 member countries. Headquartered in Geneva, Switzerland, it aims to reduce trade barriers, promote fair competition, and support economic development, making it a cornerstone of global economic governance.