The most important role of the World Trade Organization is
A)to promote market oriented economic policies.
B)to settle trade disputes.
C)to provide development assistance.
D)to help countries choose the appropriate level of a tariff or quota.

Question

Quizplus · Accepted Answer

The World Trade Organization (WTO) primarily focuses on regulating international trade between nations. Its most important role is to provide a forum for negotiating trade agreements and a process for dispute resolution, aiming to ensure that trade flows as smoothly, predictably, and freely as possible. This helps in settling trade disputes among countries, making option B the correct answer.

The Most Important Role of the World Trade Organization Is