The successor organization to GATT that handles trade disputes among its member nations is the
A) World Trade Organization.
B) European Union.
C) General Agreement on Tariffs and Trade.
D) North American Free Trade Agreement.

Question

Quizplus · Accepted Answer

The successor organization to GATT that handles trade disputes among its member nations is the World Trade Organization (WTO). The European Union (EU) is a regional trade organization, while the General Agreement on Tariffs and Trade (GATT) was replaced by the WTO. The North American Free Trade Agreement (NAFTA) is a trade agreement between the United States, Canada, and Mexico, but it does not handle trade disputes among its member nations like the WTO.

The Successor Organization to GATT That Handles Trade Disputes Among