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Ivory Channell
on Dec 13, 2024

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An institution that sets rules governing trade between its members through a panel of trade experts who decide on trade disputes between members and issue binding decisions is referred to as the

A) League of Nations (LoN) .
B) World Trade Organization (WTO) .
C) Association for Commerce Equity (ACE) .
D) United Nations Board of Trade (UNBT) .
E) Global Better Business Bureau (BBB-G) .

World Trade Organization

An international organization that regulates trade between nations to ensure trade flows as smoothly, predictably, and freely as possible.

Trade Disputes

Disagreements or conflicts between countries or entities regarding trade practices, tariffs, or barriers.

Binding Decisions

Decisions made by an authority that are obligatory for the parties involved and must be followed or adhered to.

  • Comprehend the duties and activities of the World Trade Organization (WTO) in enhancing and controlling international commerce.
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Sarai RangelDec 13, 2024
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