What is one of the major purposes of the World Trade Organization? A. to help countries establish trade barriers B. to encourage free trade among countries C. to promote understanding of other cultures D. to provide nations with a place to display their new products
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WTO Membership Benefits
The WTO also provides its members with a fair method to resolve trade disputes; they don't have to resort to violence or war. How the WTO resolves trade disputes is important. It prevents trade protectionism, a practice that hinders economic growth.
Explanation:
Under what conditions can WTO members not use MFN when dealing with one another? First, members may lower tariffs to developing countries without lowering them for more developed countries. Such reduced rates offered to developing countries are known as the generalized system of preferences (GSP).
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