Question 48
International Economic OrganisationsThe main objective of WTO is to
- A.assist countries with chronic balance of payments problem.
- B.assist developing countries to execute developmental projects.
- C.ensure adequate protection for infant industries.
- D.provide a mechanism for tariff reduction.
Show the answer and explanation
Answer: D (provide a mechanism for tariff reduction.)
Explanation
The World Trade Organization provides rules and negotiations through which countries cut tariffs and settle trade disputes.