The EU acts as an umbrella organization which oversees GATT and mediates global disputes.

Name: The EU acts as an umbrella organization which oversees GATT and mediates global disputes.
Brand: Quizplus
Rating: 4.9 (47 reviews)

Question

Quizplus · Accepted Answer

The EU does not oversee GATT (General Agreement on Tariffs and Trade) as it was replaced by the World Trade Organization (WTO) in 1995. While the EU does participate in WTO negotiations and dispute settlement mechanisms, it does not act as a mediator for global disputes.

The EU Acts as an Umbrella Organization Which Oversees GATT