Business Studies · International Institutions
Which of the following statements is UNTRUE about the World Trade Organization (WTO)?
- 1The WTO is the successor to the General Agreement on Tariffs and Trade (GATT).
- 2It is a major global international organization dealing with the rules of trade between nations.
- 3It came into official existence on January 1, 1995.
- 4Its headquarters is located in Lausanne, Switzerland.✓
Correct answer
Its headquarters is located in Lausanne, Switzerland.
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