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What is the main purpose of the World Trade Organization (WTO)?

Practice Questions

Q1
What is the main purpose of the World Trade Organization (WTO)?
  1. Promote peace
  2. Facilitate international trade
  3. Provide humanitarian aid
  4. Regulate military conflicts

Questions & Step-by-Step Solutions

What is the main purpose of the World Trade Organization (WTO)?
  • Step 1: Understand that the WTO is an organization that deals with trade between countries.
  • Step 2: Know that the main goal of the WTO is to make it easier for countries to trade with each other.
  • Step 3: Learn that the WTO creates rules and agreements that countries can follow to ensure fair trade.
  • Step 4: Recognize that by having these rules, the WTO helps to reduce trade barriers like tariffs and quotas.
  • Step 5: Remember that the WTO also helps resolve trade disputes between countries.
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