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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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