The World Trade Organization (WTO):
A) started as a set of rules to ensure the participation of lesser-developed countries in international trade.
B) has legal authority to arbitrate disputes on trade issues.
C) was established by the European Economic Community in 1957.
D) has spurred the entry of small businesses into the global arena.
E) is a temporary membership organization.

Question

Quizplus · Accepted Answer

The World Trade Organization (WTO) has legal authority to arbitrate disputes on trade issues. It was established on January 1, 1995, as a global organization to oversee and enforce international trade agreements and resolve disputes that arise from them. Its headquarters are located in Geneva, Switzerland.