Which is one type of trade liberalization favored by the World Trade Organization?

Question

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The World Trade Organization (WTO) favors decreases in agricultural subsidies that distort trade. This is because such subsidies can create unfair advantages for certain countries and distort global markets. The WTO seeks to promote fair and open trade by reducing such distortions. Option A is not a type of trade liberalization favored by the WTO, as strategic trade policies can also distort trade. Option B involves replacing one form of trade distortion (import tariffs) with another (import quotas). Option D involves the establishment of local content laws that could potentially discriminate against foreign firms and hinder trade, which is not consistent with the goals of the WTO.

Which Is One Type of Trade Liberalization Favored by the World