Economics · International Organizations
Which of the following statements is correct regarding the World Trade Organization (WTO)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It was established as a new organisation in 1991.
- 2India reduced trade restrictions partly due to obligations to WTO.✓
- 3All the countries of the world are members of WTO.
- 4It negotiates only bilateral trade agreements between countries.
Correct answer
India reduced trade restrictions partly due to obligations to WTO.
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