01 May The World Trade Organization (WTO) can best be described as: 1. an organization that competes wit…
The World Trade Organization (WTO) can best be described as:
1. an organization that competes with GATT for world trade leadership
2. a trade agreement covering the wealthy industrialized nations of the world
3. a multilateral organization that serves as a negotiating and dispute resolution framework for world trade
4. an organization that provides development aid to poor countries
5. a series of regional trading arrangements including NAFTA and the European Union
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