If a small country wants to buy aircraft from Canada and Canada wants to export its aircraft, the countries may work through which of the following entities to remove any trade barriers that could prevent the deal?
A) GATT
B) IMF
C) WTO
D) EU

Question

Quizplus · Accepted Answer

The World Trade Organization (WTO) is the global international organization dealing with the rules of trade between nations. The WTO aims to remove trade barriers and promote free and fair trade among member countries. Therefore, if a small country wants to buy aircraft from Canada and Canada wants to export its aircraft, they may work through the WTO to remove any trade barriers that could prevent the deal. The other options, GATT, IMF, and EU, are not directly responsible for facilitating trade between countries. GATT is the predecessor of the WTO and is no longer operational, the IMF deals with international financial cooperation and monetary issues, and the EU is a regional organization for economic and political cooperation within Europe.

If a Small Country Wants to Buy Aircraft from Canada