A major flaw of the original General Agreement on Tariffs and Trade (GATT)was that it lacked the power to ________.
A)displace the WTO
B)reduce nontariff barriers to international trade
C)govern exchange rates
D)enforce world trade rules

Question

Quizplus · Accepted Answer

One of the major flaws of the original GATT was its inability to enforce world trade rules. The formation of the World Trade Organization (WTO) in 1995 addressed this flaw by creating a dispute settlement mechanism to enforce trade rules and resolve disputes between member nations.

A Major Flaw of the Original General Agreement on Tariffs