Supply Chain Management

Category - Global Management

Which of the following agreements/organizations was established to encourage free traffic between member nations, decrease or eliminate tariffs, and manage worldwide trade agreements?
  1. GATT
  2. NAFTA
  3. EU
  4. WTO
Explanation
Answer: D - The main work of the World Trade Organization (WTO) is to look over the universal set of laws of trade between countries. Furthermore it makes sure that trade flows easily, effortlessly, predictably, and with as few barriers as possible.
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