Which of the following statements about the World Trade Organization (WTO) is most accurate?
A)The World Trade Organization was formed in 2008 in response to the global recession.
B)The 12 member countries of the WTO account for approximately 55 percent of world trade.
C)The WTO acts as an agent in licensing negotiations between its members and the remainder of the world.
D)The WTO uses panels of trade experts who can issue binding decisions.
E)The WTO was formed by the United Nations.

Question

Quizplus · Accepted Answer

The statement that the WTO uses panels of trade experts who can issue binding decisions is most accurate. The other statements are not correct: A) the WTO was formed in 1995, not 2008; B) the WTO has 164 member countries, not 12; C) the WTO does not license negotiations, but rather provides a forum for negotiating and resolving trade disputes; E) the WTO is an independent organization, not formed by the United Nations.

Which of the Following Statements About the World Trade Organization