The World Trade Organization comes into being.

The World Trade Organization (WTO) is an intergovernmental organization that regulates and facilitates international trade. Established on 1 January 1995, pursuant to the 1994 Marrakesh Agreement, it succeeded the General Agreement on Tariffs and Trade (GATT), which was created in 1948. As the world's largest international economic organization, the WTO has 166 members, representing over 98% of global trade and global GDP. It is headquartered in Geneva, Switzerland.

January 1 is the first day of the calendar year in the Gregorian Calendar; 364 days remain until the end of the year. This day is also known as New Year's Day since the day marks the beginning of the year.