GK
WORLD ORGANISATIONS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What percentage of the World Trade does the WTO represent?
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98.4%
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98.6%
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98.0%
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97.0%
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Explanation:
Detailed explanation-1: -The WTO has 164 members, accounting for 98% of world trade. A total of 25 countries are negotiating membership.
Detailed explanation-2: -The World Trade Organization (WTO) is the body that keeps global trade running smoothly. It oversees the rules and mediates disputes among its member nations. It now has 164 member nations and 25 observer nations (out of a total 195 nations in the world).
Detailed explanation-3: -The WTO operates the global system of trade rules and helps developing countries build their trade capacity.
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