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Question
Write the following statement as True or False with reason.
The World Trade Organization imposed restrictions on imports of goods.
Options
True
False
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Solution
This statement is False.
Explanation:
- WTO is an international body whose purpose is to promote free trade by persuading countries to abolish import tariffs and other barriers.
- The WTO is the only international agency overseeing the rules of international trade.
- It promotes free trade agreements, settles trade disputes between governments and organises trade negotiations.
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