The need for the international trade organisation.
Answers
Answer:
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Explanation:
The International trade organisation is also known as World Trade organization The World Trade Organization (WTO) is a global organization made up of 164 member countries that deals with the rules of trade between nations.Its goal is to ensure that trade flows as smoothly and predictably as possible. As part of his broader attempts to renegotiate the United States' global trade deals, former President Donald Trump threatened to withdraw from the WTO in August 2018, calling it a "disaster." If the U.S. had moved to withdraw from the organization, trillions of dollars in global trade would have been disrupted However, this was not the first time the WTO has come under scrutiny. You may remember seeing news footage of the protests at the doors of the World Trade Organization's (WTO) Third Ministerial Conference held in Seattle, Washington in 1999. Similar demonstrations against the WTO have also occurred in Canada and Switzerland. What is the WTO, and why do so many people oppose it? The following article addresses these questions and concerns regarding the world's only international organization that deals with the global rules of trade.
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Answer:
The need for the international trade organisation is to ensure global trade commences smoothly, freely, and predictably.