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The primary purpose of the World Trade Organization (WTO) is to: (1995)

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Question: The primary purpose of the World Trade Organization (WTO) is to: (1995)

Options:

  1. Promote peace and security among nations
  2. Facilitate international trade and ensure trade flows as smoothly and predictably as possible
  3. Provide humanitarian aid to developing countries
  4. Regulate international financial markets

Correct Answer: Facilitate international trade and ensure trade flows as smoothly and predictably as possible

Exam Year: 1995

Solution: 

The WTO, established in 1995, aims to facilitate international trade and ensure that trade flows as smoothly and predictably as possible.

The primary purpose of the World Trade Organization (WTO) is to: (1995)

Practice Questions

Q1
The primary purpose of the World Trade Organization (WTO) is to: (1995)
  1. Promote peace and security among nations
  2. Facilitate international trade and ensure trade flows as smoothly and predictably as possible
  3. Provide humanitarian aid to developing countries
  4. Regulate international financial markets

Questions & Step-by-Step Solutions

The primary purpose of the World Trade Organization (WTO) is to: (1995)
  • Step 1: Understand that the World Trade Organization (WTO) was created in 1995.
  • Step 2: Know that the main goal of the WTO is to help countries trade with each other.
  • Step 3: Realize that the WTO wants to make sure that trade happens easily and without problems.
  • Step 4: Remember that the WTO works to create rules and agreements that countries follow to make trade fair.
  • World Trade Organization (WTO) – An international organization that regulates and facilitates international trade between nations.
  • International Trade – The exchange of goods and services across international borders.
  • Trade Flow – The movement of goods and services in international markets.
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