Final answer:
Option (A), The WTO meeting in Cancun in September of 2003 was led by India and Brazil, who represented developing nations' interests. The WTO, succeeding GATT in 1995, aims to reduce trade barriers and ensure nondiscriminatory trade among member countries.
Step-by-step explanation:
The World Trade Organization (WTO) meeting in Cancun in September of 2003 was prominently led by two major emerging economies, namely India and Brazil. These countries took center stage during the negotiations, particularly in representing the interests of developing nations and pushing back against some of the policies advocated by the richer countries.
During the time leading up to and after the WTO's foundation in 1995, the organization has been focused on encouraging free trade and reducing government restrictions on international commerce. The WTO replaced the General Agreement on Tariffs and Trade (GATT) and was designed to provide a forum for nations to negotiate reductions in trade barriers and resolve trade disputes. At the heart of the WTO's mission is the notion of nondiscriminatory trade between its member countries.
The Cancun meeting highlighted the complexities of global trade discussions and showcased the significant role that developing countries were beginning to play in the shaping of international trade policies. While the meeting itself did not conclude with a definitive agreement, it underscored the dynamic nature of global trade negotiations and the need for inclusivity and fairness for all countries involved.