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Question

State with reasons whether the following statements are True or False.

The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations.

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Solution

The world trade organisation is the only global organisation dealing with the rules of trade between nations- True

Explanation:
The World Trade Organization, set up on 1st January, 1995 is the only global institution which has established rules and regulations regarding foreign trade. It aims at removing tariff and non-tariff barriers among its member nations.

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