Economics · International Organizations

What was the main objective behind the creation of the World Trade Organization (WTO) in 1995?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1To promote the economic interests of socialist economies.
2To reduce trade barriers, settle disputes between nations, and promote free trade globally.✓
3To completely replace the functions of the International Monetary Fund.
4To resolve global political and territorial disputes.

Correct answer

To reduce trade barriers, settle disputes between nations, and promote free trade globally.

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