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.