A country that joins the WTO is required to increase its international trade with other member countries.Group of answer choicesTrueFalse

The WTO promotes free trade between member countries. However, some developing nations argue that free trade can hinder their domestic industries. How can the WTO address this concern while still promoting its core principles?Group of answer choicesFocus solely on eliminating trade barriers between developed nations.Provide resources and technical assistance to developing countries to strengthen their industries.Impose stricter tariffs on developed nations.Create a tiered system with different trade rules for developing countries.

What is the underlying characteristic of the WTO?Group of answer choicesIt resolves disputes between economic trade blocksIt acts as an umbrella institution that regulates the agreements concluded at the Uruguay round, the organisation’s ultimate goal being the promotion of free international tradeIt facilitates economic co-operation between different countriesIt facilitates the development of less developed countriesNext

Under WTO rules, there are some exemptions from requirements in trade agreements. Developing countries are allowed certain forms of protectionism, such as some types of subsidies to promote industries and.Report feedback or error

How relevant is WTO in Africa's international trade

The principle of most favourved nation in WTO regime is based on the following:Group of answer choicesNo answer text provided.Consistency in terms of tariff across commoditiesdifferential treatment among domestic and foreign companiesnon discrimination between countries