Question

For what reason was the WTO initially formed?

A. to set currency exchange rates among nations
B. to address an array of world trade issues
C. to regulate the formation of trade agreements among nations
D. to place limits on the number and type of tariffs that can be issued

Answer 1

The World Trade Organization (WTO) was initially formed to address an array of world trade issues.

Step-by-step explanation:

The World Trade Organization (WTO) was initially formed to address an array of world trade issues.

Initially, the WTO was created to reduce trade restrictions and negotiate reductions in tariffs and other barriers to trade. Its main goal is to encourage free trade and reduce government restrictions regarding international commerce.

Therefore, option B is the correct answer: to address an array of world trade issues.