Question

______ The WTO was formed by countries that conduct the majority of international trade. ______ The WTO seeks to increase import quotas and reduce import and export tariffs. ______ The WTO seeks to eliminate restrictions on the flow of money between countries. ______ Though it can hear accusations, the WTO cannot order remedies.

Answer 1

Answer:True, False True, False.

Explanation:

World Trade Organization (WTO) was established on the first of January, 1995. It has its headquarter in Geneva, Switzerland. The World Trade Organization, WTO has member States totalling one hundred and sixty-four(164). World Trade Organization is an international organization that deals with the rules of trade between different nations.

World Trade Organization (WTO) do resolve trade disputes, also,the organization provides a forum for negotiating and monitoring of trade. The World Trade Organization, WTO was formed by countries that conduct the majority of international trade.

The WTO also seek to eliminate restrictions on the flow of money between countries.