Lesson Eleven: The WTO

Question 1

What is the WTO?

Answer 1

Set up at the end of WW2, UK joined in 1955, deals with trading between different nations

Question 2

Roles of the WTO:

Answer 2

-cut living costs and raise living standards
-settle disputes and reduce trade tensions
-stimulate economic growth and employment
-cut the cost of doing business
-encourage good governance
-help countries develop
-give the weak a stronger voice
-support the environment and health
-contribute to peace and stability