MCQ IIBF-ITF

Score: 0/5

Role of WTO and Trade Blocks in Global Economy

The World Trade Organization (WTO) establishes global trade rules through multilateral agreements, while trade blocks like NAFTA and EU promote regional economic integration...

Key Differences

• WTO: Multilateral, 164 members
• Trade Blocks: Regional, deeper integration

Case Study: US-Shrimp Import Ban

WTO ruled against US import restrictions in 1998, demonstrating its dispute resolution mechanism...