The World Trade Organization (WTO) is more powerful than General Agreement on Tariffs and Trade (GATT) with enlarged functions in dealing with world economic affairs. Hence, the WTO cannot be simply regarded as the extension of GATT. It completely replaces GATT by sporting a totally different outlook.
Differences between GATT & WTO
The following are the principal differences between the GATT and WTO.
The above table lists out various differences between WTO & GATT. Read the following article which explains various objectives and functions of WTO.