Question : How does the World Trade Organization (WTO) promote trade liberalization?
Option 1: By imposing trade sanctions
Option 2: By reducing trade barriers
Option 3: By offering financial incentives
Option 4: By increasing import quotas
Answer (1)
18th Jan, 2024
Correct Answer: By reducing trade barriers
Solution :
Correct Option: 2
Explanation: The World Trade Organization (WTO) promotes trade liberalization by reducing trade barriers, such as tariffs and quotas, to encourage the free flow of goods and services between countries.
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