Which of the following accurately identifies a difference between GATT and the WTO?
A)GATT could enforce member compliance with agreements, but the WTO cannot.
B)At its inception, GATT had more member nations than the WTO currently has.
C)GATT withdrew the most-favored-nation clause, but the WTO reinstated it.
D)GATT rules did not cover trade in services, but the rules of the WTO do.

Question

Quizplus · Accepted Answer

GATT focused mainly on trade in goods and did not have rules for trade in services, while the WTO has expanded its coverage to include trade in services. The other options are inaccurate as GATT did not have enforcement mechanisms and the WTO has more members than GATT did at its inception, and the most-favored-nation clause was actually reinforced by the WTO.

Which of the Following Accurately Identifies a Difference Between GATT