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Question

Which of the following organizations issues the rules of global trade?

A World Bank Correct Answer Incorrect Answer
B World Trade Organisation Correct Answer Incorrect Answer
C Foreign Exchange Dealers’ Association Correct Answer Incorrect Answer
D Directorate General of Foreign Trade Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations. At its heart are the WTO agreements, negotiated and signed by the bulk of the world’s trading nations and ratified in their parliaments. The goal is to ensure that trade flows as smoothly, predictably and freely as possible.

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