Asked by Gisell Garcia on Jun 17, 2024
Verified
The World Trade Organization (WTO) is a global institution that was established to promote free trade and open markets around the world.
World Trade Organization
A global organization whose member nations agree to negotiate and resolve disputes about tariffs and trade restrictions.
Free Trade
An economic policy that allows for the unrestricted import and export of goods among countries without the imposition of tariffs, quotas, or other restrictions.
- Recognize the role and impact of global institutions like the World Trade Organization (WTO) on international trade.
Verified Answer
IH
Isabella HardingJun 19, 2024
Final Answer :
True
Explanation :
The World Trade Organization (WTO) was established in 1995 with the goal of promoting free trade and reducing barriers to international trade. It currently has 164 member countries and aims to ensure that global trade flows as smoothly, predictably, and freely as possible.
Learning Objectives
- Recognize the role and impact of global institutions like the World Trade Organization (WTO) on international trade.