Final answer:
The WTO was created in 1995 during the Uruguay Round of GATT negotiations, transitioning the focus from solely trade agreements under GATT to a comprehensive organization that manages international trade and resolves disputes.
Step-by-step explanation:
The World Trade Organization (WTO) was created in the Uruguay Round of the General Agreement on Tariffs and Trade (GATT) negotiations. This significant event occurred in 1995, marking the transformation from GATT to the WTO. The WTO set out to support international trade, reduce trade barriers, and resolve trade disputes. While GATT was more about agreements, the WTO serves as an organization to ensure nondiscriminatory trade between its member countries. The inclusion of topics such as agriculture, services, intellectual property, and dispute settlement into the broader negotiations underscored the WTO’s commitment to addressing an ever-broadening range of global trade issues.