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​What does World Trade Organization (WTO) promote? ​
Question

What does World Trade Organization (WTO) promote?

A.

Financial support


B.

Multi-lateral trade


C.

Global peace


D.

Unilateral trade

Correct option is B

The correct answer is (B) Multi-lateral trade.

Explanation:
The World Trade Organization (WTO) promotes multi-lateral trade, which involves facilitating global trade agreements between multiple countries, aiming for the reduction of trade barriers and ensuring smooth trade relations.

Information Booster:

  • WTO: Established in 1995, headquartered in Geneva, Switzerland.
  • Old Name:General Agreement on Tariffs and Trade (GATT) before becoming WTO.
  • Mission: To facilitate smooth global trade and resolve disputes.
  • Members: Includes 164 countries in the global trade system.

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