Which of the following statements about the World Trade Organization (WTO)is most accurate?
A)The WTO acts as an agent in trade negotiations between its members and the remainder of the world.
B)The 179 member countries of the WTO account for less than 25 percent of world trade.
C)The WTO was formed by the major industrialized nations in 1995 to address a broad array of trade issues.
D)The WTO uses panels of trade experts who can issue non-binding recommendations.
E)The WTO was formed by the United Nations.

Question

Quizplus · Accepted Answer

The WTO was established in 1995 by major industrialized nations to address a wide range of trade issues, replacing the General Agreement on Tariffs and Trade (GATT).

Which of the Following Statements About the World Trade Organization