The _____ was formed to deal with the rules of trade between nations and is responsible for negotiating and implementing new trade agreements and policing member countries' adherence to them.
A) General Agreement on Tariffs and Trade
B) World Trade Organization
C) Association of South East Asian Nations
D) European Union

Question

Quizplus · Accepted Answer

The World Trade Organization (WTO) was formed to deal with the rules of trade between nations and is responsible for negotiating and implementing new trade agreements and policing member countries' adherence to them. The General Agreement on Tariffs and Trade (GATT) was replaced by the WTO in 1995. ASEAN and the EU are regional organizations with a focus on economic integration and cooperation within their respective regions.

The _____ Was Formed to Deal with the Rules of Trade