CIMA BA1 · Chapter 3 · Question 10 of 10
Which of the following best describes the main role of the World Trade Organization?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: A) Promoting freer trade by negotiating reductions in trade barriers and settling trade disputes between members
Explanation
The WTO provides a framework for negotiating trade liberalisation and a dispute settlement mechanism. Short-term balance of payments support is associated with the IMF and development lending with the World Bank.
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