The World Trade Organization (WTO) has an important role in international trade. From the list below, select all statements about the WTO that are true. It is possible that more than one statement is true.

1. The WTO attempts to minimize barriers to trade.
2.The WTO encourages dumping behavior to lower costs for consumers.
3.The WTO assesses complaints of unfair trading from member countries.
4.The WTO is the world's largest government and may impose its decisions on countries that violate trade law.

Question

30-01-2020
Business

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The World Trade Organization (WTO) has an important role in international trade. From the list below, select all statements about the WTO that are true. It is possible that more than one statement is true.

1. The WTO attempts to minimize barriers to trade.
2.The WTO encourages dumping behavior to lower costs for consumers.
3.The WTO assesses complaints of unfair trading from member countries.
4.The WTO is the world's largest government and may impose its decisions on countries that violate trade law.

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BenitoMarin BenitoMarin · Answer 1 · 2020-02-03T03:40:01+01:00

Answer:

The correct answer are numbers (1) and (3): The WTO attempts to minimize barriers to trade; The WTO assesses complaints of unfair trading from member countries.

Explanation:

The World Trade Organization (WTO) is a treaty created to promote fairness in international trading with a more participative role among the country members. The WTO replaced in 1995 the General Agreement on Tariffs and Trade (GATT) which was created under the same purpose- Among the main WTO goals, we can identify setting lower barriers to promote international trade and ruling unfair trading when it occurred.