Question on: JAMB Economics - 2014
The main objective of WTO is to
A
ensure adequate protection of infant industries
B
provide a mechanism for tariff reduction
C
assist countries with chronic balance of payments problem
D
assist developing countries to execute developmental projects
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Correct Option: D
The World Trade Organization (WTO) primarily aims to facilitate international trade by:
* Providing a forum for negotiating trade agreements.
* Administering existing trade agreements.
* Providing a mechanism for tariff reduction and eliminating other trade barriers.
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