Since 1994, trade rules have been enforced by
A) the WTO.
B) the G10.
C) the GATT.
D) The U.S. Congress.
E) the European Union.

Question

Quizplus · Accepted Answer

The World Trade Organization (WTO) was established in 1994 to enforce global trade rules and regulations. Therefore, the correct choice is A. The G10 is a group of influential countries that discuss and coordinate economic policies, but they do not enforce trade rules. The General Agreement on Tariffs and Trade (GATT) was the predecessor to the WTO, but it is no longer in effect. The U.S. Congress and the European Union are governmental bodies that have a role in enforcing trade rules domestically and within the EU, respectively, but they do not enforce global trade rules.

Since 1994, Trade Rules Have Been Enforced by