Final answer:
The World Trade Organization (WTO) succeeded the GATT in 1995, extending its scope to more areas of international trade.
Step-by-step explanation:
The institution that emerged as a successor to the General Agreement on Tariffs and Trade (GATT) following the Uruguay Round of GATT negotiations is the World Trade Organization (WTO). The WTO was officially established in 1995, succeeding GATT as a global international organization designed to supervise and liberalize international trade. The WTO not only continues the work of GATT but also has a broader scope that includes services and intellectual property, making it a significant platform for international commerce and economics.