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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 help producers of goods and services, exporters, and importers conduct their business.
Who we are:-
There are a number of ways of looking at the World Trade Organization. It is an organization for trade opening. It is a forum for governments to negotiate trade agreements. It is a place for them to settle trade disputes. It operates a system of trade rules. Essentially, the WTO is a place where member governments try to sort out the trade problems they face with each other.
What we do:-
The WTO is run by its member governments. All major decisions are made by the membership as a whole, either by ministers (who usually meet at least once every two years) or by their ambassadors or delegates (who meet regularly in Geneva).
What we stand for:-
The WTO agreements are lengthy and complex because they are legal texts covering a wide range of activities. But a number of simple, fundamental principles run throughout all of these documents. These principles are the foundation of the multilateral trading system.
Overview:-
The World Trade Organization — the WTO — is the international organization whose primary purpose is to open trade for the benefit of all.
The WTO in Brief:-
A starting point for essential information about the WTO.
About the WTO — ‘Understanding the WTO:-
An introduction, in more depth, to the WTO and its agreements.
10 things the WTO can do:-
The world is complex. The World Trade Organization is complex. This booklet is brief, but it tries to reflect the complex and dynamic nature of trade and the WTO’s trade rules.
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The countries shown in green would be MOST likely to be members of what 20th century economic organization?ResponsesALeague of NationsLeague of NationsBAssociation of Southeast Asian NationsAssociation of Southeast Asian NationsCWorld Trade OrganizationWorld Trade OrganizationDNorth Atlantic Treaty OrganizationNorth Atlantic Treaty OrganizationENorth American Free Trade AgreementNorth American Free Trade Agreement
The 20th-century economic organization that the countries shown in green would most likely be members of is option C. World Trade Organization (WTO).
The World Trade Organization is an international body that deals with the global rules of trade between nations. It aims to promote free and fair trade by facilitating negotiations, resolving disputes, and enforcing trade agreements. The countries shown in green, which are not specified, could potentially represent a diverse range of nations from different regions.
The World Trade Organization has a global membership, consisting of 164 member countries as of 2021. It includes countries from all continents and represents a broad spectrum of economic development levels. The World Trade Organization is particularly relevant to countries engaged in international trade and seeking to foster economic cooperation and liberalization.
As an economic organization, it focuses on reducing trade barriers, promoting transparency, and establishing a rules-based trading system. The League of Nations, on the other hand, was established after World War I and disbanded in 1946, while the North Atlantic Treaty Organization (NATO) is a military alliance primarily composed of North American and European countries.
The Association of Southeast Asian Nations (ASEAN) is a regional organization focused on political and economic cooperation in Southeast Asia. The North American Free Trade Agreement (NAFTA) is a trade agreement between Canada, Mexico, and the United States, which has been superseded by the United States-Mexico-Canada Agreement (USMCA). Therefore, the correct answer is option C.
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The countries shown in green would be MOST likely to be members of what 20th-century economic organization?
A. League of Nations
B. Association of Southeast Asian Nations
C. World Trade Organization
D. North Atlantic Treaty Organization
E. North American Free Trade Agreement
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