Economy, asked by harshgrover6691, 1 year ago

why isn't trade among countries like a game with some winners and some lossers

Answers

Answered by KarthikVatsavayi
1

It is because WTO, or the World Trade Organisation. The WTO, along with regional organisations such as ASEAN, NAFTA, EU and MERCOSUR help in ensuring that world trade is done peacefully and equally amongst various countries. It ensures that a country is not deliberately putting up sanctions or trade barriers against some regions / countries, and that there is a forum for economical and political dialogue between countries.


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