Asked by Elizabeth Martinez on May 10, 2024
Verified
The WTO provides a forum for negotiating and enforcing global trade agreements between participating countries.
WTO
The World Trade Organization, an international body that regulates international trade agreements and aims to ensure smooth, fair, and predictable trade flows.
Global Trade Agreements
International treaties that govern the exchange of goods and services between countries, aiming to reduce trade barriers and promote global economic integration.
- Learn about global endeavors to ensure fair trading practices, the role of the World Trade Organization, and the disputes over labor and environmental conditions in trade agreements.
Verified Answer
RA
roberto AntunezMay 16, 2024
Final Answer :
True
Explanation :
The World Trade Organization (WTO) was established to provide a platform for negotiating and enforcing trade agreements among its member countries. Its main objective is to ensure that trade flows as smoothly, predictably and freely as possible. The WTO operates a number of dispute settlement mechanisms to ensure that members comply with their commitments under the global trade agreements. Therefore, the statement is true.
Learning Objectives
- Learn about global endeavors to ensure fair trading practices, the role of the World Trade Organization, and the disputes over labor and environmental conditions in trade agreements.