Which of the following statements best describes decisions of the World Trade Organization in settling trade disputes?
A) They are binding on all parties involved in the dispute.
B) They are only relevant to issues involving the World Bank.
C) They are applied only in cases where the WTO can show that both parties will benefit.
D) They are applied only on a voluntary basis.

Question

Quizplus · Accepted Answer

The decisions of the WTO in settling trade disputes are binding on all parties involved in the dispute. This means that the parties must comply with the decision or face potential trade sanctions.

Which of the Following Statements Best Describes Decisions of the World