The World Trade Organization:
A) Was created to establish labor standards for all countries participating
B) Was created to isolate trade power in the hands of the major industrialized countries of the world
C) Was created to raise tariffs and discourage trade between foreign countries
D) Was created to facilitate trade negotiations and enforce global trade agreements

Question

Quizplus · Accepted Answer

The World Trade Organization (WTO) was created in 1995 to facilitate international trade negotiations, monitor trade policies, and enforce global trade agreements among its member countries. The organization aims to promote free and fair trade on a global scale, and to help developing countries benefit from increased participation in the global trading system. It does not establish labor standards or seek to isolate trade power in the hands of any particular group of countries.