This global organization, based in Geneva, is responsible for establishing trade rules in the global environment.
A) European Commission (EC)
B) World Trade Organization (WTO)
C) Federal Trade Administration (FTA)
D) Food and Drug Administration (FDA)

Question

Quizplus · Accepted Answer

The World Trade Organization (WTO) is based in Geneva and is responsible for establishing trade rules in the global environment. The European Commission (EC) is responsible for proposing EU legislation, which may include trade rules, but is focused on the European Union specifically. The Federal Trade Administration (FTA) is not a global organization and does not have the authority to establish international trade rules. The Food and Drug Administration (FDA) is a United States government agency focused on regulating food and drug safety within the country, and is not involved in establishing international trade rules.

This Global Organization, Based in Geneva, Is Responsible for Establishing