Consider the following statements regarding World Trade Organization
Consider the following statements regarding World Trade Organization
A: The WTO deals with global trade rules
B: The WTO goal is to help producers exporters and importers conduct their business
C: The WTO is successor of GATT and was created after Uruguay Round
D: All of these
World Trade Organization sets global rules of trade between nations. Its goal is to help producers exporters and importers work smoothly. WTO replaced the General Agreement on Tariffs and Trade after the Uruguay Round of negotiations. For example WTO handles disputes between countries and ensures fair competition. By promoting free trade it aims to improve global prosperity and reduce trade barriers.