The World Trade Organization

Question

Quizplus · Accepted Answer

The World Trade Organization (WTO) was established to resolve disputes arising under world trade rules. It is an international organization that works to promote free trade by encouraging countries to lower trade barriers, negotiate trade agreements, and resolve trade disputes. It is not the same as the International Monetary Fund (IMF) or the North American Free Trade Agreement (NAFTA), and it does not provide interest rate subsidies to foreign borrowers who buy exports on credit.