From a commercial standpoint,which of the following is considered the most important international treaty?

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The World Trade Organization (WTO) is the most important international treaty from a commercial standpoint as it is the only global international organization dealing with the rules of trade between nations. Its primary function is to ensure that trade flows smoothly, predictably, and freely as possible. The WTO has over 160 member countries and covers trade in goods, services, and intellectual property, making it crucial for international business transactions. The International Court of Justice (ICJ) deals with legal disputes between states and has no direct impact on commercial activities. The European Community (EC) is a regional organization that focuses on European trade and economic cooperation. The International Monetary Fund (IMF) deals with international monetary cooperation and exchange rate stability, but it does not have as wide a scope as the WTO in terms of trade-related issues.

From a Commercial Standpoint,which of the Following Is Considered the Most