Which international agency has Trade Review Mechanism and looks after Multilateral Trade Agreements?

IBRD

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IMF

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WTO

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All of the above

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Solution

The correct option is C WTO
The term multilateral trade negotiations initially applied to negotiations between General Agreement on Tariffs and Trade member nations conducted under the auspices of the GATT and aimed at reducing tariff and non tariff trade barriers. In 1995 the World Trade Organization replaced the GATT as the administrative body.

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How are bilateral trade agreements different from multilateral trade agreements? Who facilitates these agreements?

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