What is one stated purpose of the world trade organization?
A) To create a common currency.
B) To encourage the expansion of exports.
C) To monitor trade policies of many countries.
D) To establish direct trade agreements between countries.
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The Correct Answer for the given question is Option C) To monitor trade policies of many countries.
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The one stated purpose of the world trade organization to monitor trade policies of many countries. Trade agreements with the WTO are negotiated by representatives of member countries that are ratified by their legislatures, which usually seek to reduce or eliminate tariffs, quotas, and other restrictions. The WTO facilitates trade in goods, services, and intellectual property between participating nations. As well as enforcing compliance and resolving trade-related disputes, the WTO administers an independent dispute resolution mechanism. Despite its prohibition on discrimination, the organization provides exceptions for national security, environmental protection, and other important goals.
Will Leontief Paradox Ever Die? -Wassily Leontief | Theories of International Trade
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I am Smirti Bam, an enthusiastic edu blogger with a passion for sharing insights into the dynamic world of business and management through this website.
I hold a MBA degree from Presidential Business School, Kathmandu, and a BBA degree with a specialization in Finance from Apex College,
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