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Question
Which of the following international agencies allow free trade and work on mutual trade between countries?
Options
WTO
IMF
UPU
FAO
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Solution
WTO
Explanation:
- The World Trade Organization (WTO) is an international organization founded to liberalize global trade and promote cross-national trade.
- The International Monetary Fund (IMF) is an organisation that serves as a watchdog over the world's currencies and helps to stabilize the global monetary system.
- The Universal Postal Union aims to advance socioeconomic development and contribute to the achievement of the UN SDGs.
- FAO improves nutrition, increases agricultural productivity, raises the standard of living for rural populations, and contributes to global economic growth.
Thus, the correct answer is WTO.
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