Answer to Question #242138 in English for Erik

Question

Explain briefly the difference between GATT and WTO, focusing on one topic only.

Answer 1

While GATT is a simple agreement, there is no institutional existence, but have a small secretariat. Conversely, WTO is a permanent institution along with a secretariat. GATT agreement is primarily multilateral, but plurilateral agreement is added to it later. In contrast, WTO agreements are purely multilateral.