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.
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.