Final answer:
True, the decisions made by the World Trade Organization in resolving trade disputes are binding on its member states.
Step-by-step explanation:
The statement that the decisions taken by the World Trade Organization (WTO) in solving trade disputes among members are binding is True. The WTO oversees international trade and provides a framework for trade negotiations and a dispute resolution process. When a dispute arises, member states engage in a structured process that includes consultations, hearings, and the issuance of a panel report that can be appealed. Once the decisions are made, they are expected to be abided by the member states involved in the dispute. The enforcement of these decisions is crucial to maintain the integrity of the international trading system and ensure that trade flows smoothly and predictably.