Country X, a member of the World Trade Organization (WTO), has a trade dispute with country Y, a non-member of the World Trade Organization.
Will the WTO try to solve this trade dispute? Why?
A
No. As country Y is not a member of the WTO, it will not try to resolve the trade dispute.
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
B
Yes. As country X is a member of the WTO, it will try to resolve the trade dispute.
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
It depends on the agreement signed between country X and the WTO.
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
Yes. Non-member countries also have trilateral agreement with the WTO and other nations.
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution
The correct option is A No. As country Y is not a member of the WTO, it will not try to resolve the trade dispute. The WTO tries to solve trade disputes and conflicts between member nations to ensure fair trade. It has a separate department for resolving disputes between member countries. It helps these countries find solutions through consultation with each other.