The World Trade Organization is called _______________
Because it involves many, if not most, of the nations in the world.
A)a bilateral trade organization
B)a trilateral trade organization
C)a multilateral trade agreement
D)a quasipolitical trade organization

Question

The World Trade Organization is called _______________
Because it involves many, if not most, of the nations in the world.
A)a bilateral trade organization
B)a trilateral trade organization
C)a multilateral trade agreement
D)a quasi­political trade organization

Quizplus · Accepted Answer

The WTO is a multilateral trade agreement because it involves a large number of countries (currently 164 members) working together to regulate and facilitate international trade. This distinguishes it from a bilateral (involving two countries), trilateral (involving three countries), or quasi-political organization, which may not necessarily have the same focus on trade.

The World Trade Organization Is Called _______________