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 countries

Which of the following is true of the World Trade Organization (WTO)?Group of answer choicesIts functions are governed by the Rome Statute.Its dispute settlement process is governed by an agreement known as the General Agreement on Tariffs and Trade.It is responsible for implementing and enforcing the rules of international trade between nations.It is the trade-dispute settlement body of the United Nations.

A country that joins the WTO is required to increase its international trade with other member countriesGroup 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.

The World Trade Organization (WTO) bundle of agreements includes the followingGroup of answer choicesGeneral Agreement on Trade in ServicesAgreement on Trade-Related Aspects of Intellectual Property RightsGeneral Agreement on Tariffs and Trade 1994All options are correct.

How relevant is WTO in Africa's international trade