In comparison with the General Agreement on Tariffs and Trade (GATT),which of the following statements is true of the World Trade Organization (WTO)?
A) The World Trade Organization (WTO)led many governments to invoke non-tariff barriers which triggered trade disputes.
B) The World Trade Organization (WTO)introduced the Multifiber Arrangement (MFA)which restricted free trade in textiles.
C) The World Trade Organization (WTO)does not cover Intellectual Property (IP)protection.
D) The World Trade Organization (WTO)includes effective trade dispute settlement mechanism.

Question

Quizplus · Accepted Answer

The WTO includes a more effective trade dispute settlement mechanism compared to GATT, providing a structured process for resolving trade disputes between member countries.

In Comparison with the General Agreement on Tariffs and Trade