The World Trade Organization (WTO)

Question 1

How did the WTO come about?

Answer 1

As a result of negotiations in the 1990s

Question 2

What purpose dose the WTO have?

Answer 2

To insure that international trade runs freely and fairly between countries, and that member nations impose the minimal of restictions on ech other

Question 3

An example about the ragulations of the WTO

Answer 3

If the united states deciedes to restict the number of tomatoes Mexico sells into the country, mexico can file a complaint alleging that the united states has breached one of the agreed upon trade rules. If the investigation of the WTO of the matter shows that its true the US will have to pay for the damages or risk losing there status in the WTO

Question 4

How many countries in the WTO

Answer 4

In 2020 there where 164 memeber countries which acountes for 98% of the worlds trade. this gives WTO significant influence in promotion free trade across countries

Question 5

World trade organization (WTO) is what?

Answer 5

A multiateral organization designd to foster the rules of trade between nations