What is the main difference for members of the World Trade Organization (WTO)who also are members of a free trade area (FTA)?
A)WTO members are provided lower tariffs than members of the FTA
B)There are no nontariff barriers for WTO members, but there may be some for FTA members
C)Within a free trade area, there are no tariffs at all, but there are some tariffs for WTO members
D)Barriers may be low for FTA members, but they are even lower for WTO members

Question

Quizplus · Accepted Answer

Within a free trade area, members agree to eliminate tariffs among themselves, which is a deeper level of integration than what is achieved under the World Trade Organization (WTO) rules. The WTO aims for tariff reduction among all its members but does not eliminate tariffs entirely.

What Is the Main Difference for Members of the World