Question

Which organisation sets the rule of trade on a global scale?

• A. World Trade Organisation
• B. World Organisation of Trade
• C. Both (A) and (B)
• D. None of the above

Answer 1

The correct option is A World Trade Organisation

World Trade Organisation

The World Trade Organization is the only international institution that oversees the global trade rules between nations. The WTO is based on agreements signed by the majority of the world's trading nations. The main function of the organization is to help producers of goods and services, exporters, and importers protect and manage their businesses.