Which of the following observations is true?
A)The past two decades have witnessed a decline in the number of regional trade blocs.
B)World Trade Organization members are not required to notify the organization of any regional trade agreements in which they participate.
C)By entering into regional agreements,groups of countries aim to reduce trade barriers more rapidly than can be achieved under the auspices of the WTO.
D)The total number of regional trade agreements currently in force is around 40.

Question

Quizplus · Accepted Answer

The past two decades have witnessed an unprecedented proliferation of regional trade blocs that promote regional economic integration.WTO members are required to notify the organization of any regional trade agreements in which they participate.The total number of regional trade agreements currently in force is around 400.By entering into regional agreements,groups of countries aim to reduce trade barriers more rapidly than can be achieved under the auspices of the WTO.

Which of the Following Observations Is True