The World Trade Organization is designed to:

Question

Quizplus · Accepted Answer

The World Trade Organization (WTO) is designed to monitor trade agreements, promote free trade, and enforce trade agreements. Therefore, all of these statements are true. The WTO was established in 1995 to replace the General Agreement on Tariffs and Trade (GATT). Its main objective is to ensure that global trade flows as smoothly, predictably, and freely as possible. The WTO promotes free trade by reducing trade barriers, such as tariffs and quotas, and by encouraging countries to adopt clear and transparent trade policies. It also monitors trade agreements among its member states to ensure that they are being followed and enforced. In case of disputes, the WTO provides a platform for negotiations and settlement of disputes through its dispute settlement mechanism.

The World Trade Organization Is Designed To