Which trade organization is responsible for 90% of the world's trade?

the EU

ASEAN

the WTO

O NAFTA

Question

Social Studies

Rambo

7 May, 00:14

Which trade organization is responsible for 90% of the world's trade?

the EU

ASEAN

the WTO

O NAFTA

+3

Answers (2)

Know the Answer?

Isaac Conrad · Answer 1

WTO

Explanation:

The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations. At its heart are the WTO agreements, negotiated and signed by the bulk of the world's trading nations and ratified in their parliaments

Jefferson · Answer 2

The World Trade Organization (WTO) is responsible for 90% of the world's trade.

Answer: Option 3

Explanation:

The World Trade Organization is the largest trade organization on the planet and most international trade that takes place in the world happens through the World Trade Organization.

Most countries in the world including the European Union are the members of WTO. This organization primarily functions to regulate and normalize trade between two of more international bodies.

Which trade organization is responsible for 90% of the world's trade?the EUASEANthe WTOO NAFTA

Which trade organization is responsible for 90% of the world's trade?

the EU

ASEAN

the WTO

O NAFTA