The __________ with over 100 member nations is the largest institution of its kind and has the most successful record of promoting freer trade. The __________ with over 100 member nations is the largest institution of its kind and has the most successful record of promoting freer trade.

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The WORLD TRADE ORGANIZATION with over 100 member nations is the largest institution of its kind and has the most successful record of promoting freer trade.

What is World Trade Organization?

  • An international body that regulates trade among its member countries is the World Trade Organization.
  • 23 states participate as WTO observers in addition to the 164 member nations.

What is the role of World Trade Organization?

  • It complies with TNCs' requests.
  • By encouraging a "race to the bottom" among governments of developing nations fighting for jobs and foreign investment, it threatens the rights of workers and environmental protection.
  • The impoverished are harmed.

Why is the WTO important for World Business?

  • the agreement for the selling of commodities.
  • the agreement for the transport of goods.
  • the agreement for goods insurance.
  • the adherence to export and import regulations in terms of formalities and paperwork needed.
  • the payment system the buyer has established.

Learn more about World Trade Organization at:

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