Asked by Christopher Severson on Jun 13, 2024
Verified
The WTO administers trade agreements but does not get involved with dispute resolution.
Trade Agreements
Contracts between two or more nations that outline how they will work together to ensure mutual benefit in trade.
Dispute Resolution
The process of resolving disputes or disagreements between parties through legal procedures or mutual agreements.
WTO
The World Trade Organization, an international body that deals with the rules of trade between nations to ensure that trade flows as smoothly, predictably, and freely as possible.
- Absorb information concerning the enforcement difficulties of international law and the areas of jurisdiction of international courts.
Verified Answer
DP
Daniel PlattJun 16, 2024
Final Answer :
False
Explanation :
The WTO not only administers trade agreements but also provides a forum for negotiating and monitoring further trade liberalization, handles trade disputes, and monitors national trade policies.
Learning Objectives
- Absorb information concerning the enforcement difficulties of international law and the areas of jurisdiction of international courts.