Economics · International Trade
Which of the following acts as a significant challenge to the multilateral trade system under the World Trade Organization (WTO)?
- 1Proliferation of Regional Economic Associations and bilateral trade forums✓
- 2The exit of Britain from the European Union (Brexit)
- 3The complete absence of international economic relations outside the WTO
- 4A universal global shift towards a post-globalization world order
Correct answer
Proliferation of Regional Economic Associations and bilateral trade forums
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