QUESTION IMAGE
Question
which organization, established in 1995, focuses on reducing trade barriers and promoting a global economy?
international monetary fund (imf)
united nations (un)
world trade organization (wto)
The World Trade Organization (WTO) was established in 1995. Its main goals are to reduce trade barriers (such as tariffs and quotas) and promote a global economy by facilitating international trade. The International Monetary Fund (IMF) focuses more on monetary cooperation and financial stability, while the United Nations (UN) has a broader scope including peace - keeping, development, etc.
Snap & solve any problem in the app
Get step-by-step solutions on Sovi AI
Photo-based solutions with guided steps
Explore more problems and detailed explanations
World Trade Organization (WTO)