The World Trade Organization uses tariffs and quotas to protect favoured nations from foreign competition.

Name: The World Trade Organization uses tariffs and quotas to protect favoured nations from foreign competition.
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The World Trade Organization's main goal is to promote free trade and reduce barriers to trade, including tariffs and quotas. The WTO encourages its member countries to eliminate or reduce trade barriers, rather than protect favored nations from foreign competition.

The World Trade Organization Uses Tariffs and Quotas to Protect