Question

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Which of the following is out of the perview of the World Trade Organization (WTO)?

• A. Presiding over and overseeing discussions on the terms and conditions of trade between countries
• B. Suggesting changes in policies of other countries, so that they can trade freely
• C. Solving disputes and conflicts between member nations to ensure free trade
• D. Determining the price of the product that will be traded between the two countries

Answer 1

The correct option is D Determining the price of the product that will be traded between the two countries

The WTO aims to remove obstacles that influence global trade and enforce legal trade agreements. It helps countries in formulating international trade policies and mediates and supervises the negotiations to finalise the terms and conditions for trade. However, price negotiations are carried out by the trading countries themselves.