Suppose Mexico increased tariffs on agriculture products from Chile by 20%. As a result, Chile retaliated by increasing tariffs on manufactured goods from Mexico by 15%. What international organization could most likely assist in this dispute?

Question

Quizplus · Accepted Answer

The World Trade Organization (WTO) is the international organization that deals with trade disputes between countries. It provides a forum for countries to negotiate and resolve trade issues, including the use of tariffs. The WTO has a dispute settlement mechanism that helps countries to resolve their disputes through negotiations and, if necessary, through formal adjudication. Therefore, the WTO could most likely assist in resolving the dispute between Mexico and Chile over their tariffs.

Suppose Mexico Increased Tariffs on Agriculture Products from Chile by 20