Discuss the function of coverage of WTO as distinguished from GATT

In the ever-evolving landscape of global trade and commerce, international agreements and organizations play a pivotal role in shaping policies, regulations, and practices. Among these, the General Agreement on Tariffs and Trade (GATT) and its successor, the World Trade Organization (WTO), stand out as key institutions governing international trade. While both GATT and WTO share the objective of promoting free and fair trade, their functions and coverage differ significantly within the contemporary business environment. This essay delves into the nuanced distinctions between the functions of coverage of the WTO and GATT, elucidating their respective roles and impacts on the global business landscape.

1. Historical Context:
   To understand the disparities in coverage between the WTO and GATT, it's imperative to delve into their historical evolution. GATT, established in 1947, primarily focused on reducing tariffs and trade barriers among member countries through a series of negotiations known as "rounds." However, GATT's effectiveness _________ ______ ____ _________ ___ _____ _____.
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