How does the World Trade Organization aim to facilitate trade?

Prepare for the NCTJ Politics Test. Utilize flashcards and multiple choice questions, each with hints and explanations. Ace your exam!

The World Trade Organization (WTO) is primarily focused on promoting international free trade and ensuring the smooth flow of trade between nations. This goal is achieved by providing a framework for negotiating trade agreements and resolving disputes among member countries. The organization works to reduce trade barriers, such as tariffs and quotas, which can hinder economic exchange. Additionally, by creating an environment where trade is governed by established rules, the WTO helps to foster predictability and stability in international commerce. This encourages countries to engage in trade by providing a level playing field, enhancing cooperation among nations, and ultimately contributing to global economic growth.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy