Which of the following organizations has the power to enforce the new trade accord that evolved out of seven rounds of General Agreement on Tariffs and Trade (GATT) negotiations, with more than 140 nations participating?

Question

Quizplus · Accepted Answer

The World Trade Organization (WTO) has the power to enforce trade agreements among its member countries, including the new trade accord that evolved out of the GATT negotiations. The European Union (EU), North American Free Trade Agreement (NAFTA), and South American Common Market (MERCOSUR) are regional economic organizations that promote trade among their member countries but do not have the same international enforcement powers as the WTO.

Which of the Following Organizations Has the Power to Enforce