Question

What would be the closest reason why WTO was not formed in 1970s?

• A. Important players did not find it in their best interest to do so
• B. The US government did not like it
• C. Lawyers did not work for the dispute settlement system
• D. The Tokyo Round negotiations was an attempt at constitutional reform

Answer 1

Answer: (A)

Important players did not find it in their best interest to do so

As seen in the passage, "However, it could have been negotiated as part of the Tokyo Round of the 1970s, since negotiation was an attempt at a 'constitutional reform' of the General Agreement on Tariffs and Trade (GATT). Or it could have been put off to the future, as the US government wanted...
One factor was the pattern of multilateral bargaining that developed late in the Uruguay Round. Like all complex international agreements, the WTO was product of a series of trade-offs between principal actors and groups. For the United States, which did not want a new organization, the disputed settlement part of the WTO package achieved its longstanding goal of a more effective and more legal disputed settlement system.".

During the 1970s, the important players (USA, Europe, Canada, etc.) did not find it in their best interest to form a WTO. The same is mentioned in option A, hence it is correct.

The other options are neither mentioned nor implied by the passage.