The World Trade Organization (WTO): includes all of the same countries that signed the Uruguay Round...

The World Trade Organization (WTO):

		includes all of the same countries that signed the Uruguay Round
		has emerged as the world's most powerful institution for reducing trade barriers and opening markets
		does not yet have an effective dispute settlement procedure but will before the year 2005
		is controlled by the United States
		includes China and Russia among its members

Expert Solution

The World Trade Organization (WTO):

has emerged as the world's most powerful institution for reducing trade barriers and opening markets.

Also, WTO China and russia are members of WTO.

WTO commenced on 1st January, 1995. It is an international organisation which was instituted to reduce the trade barriers and to increase the trade between countries.

Rest all options are incorrect.

WTO also includes other countries who were not part of under uruguay round. Many countries became members later.

WTO does have an effective dispute settlement procedure.

And it is controlled by its members government not only USA.

Hope it helps!

jeff jeffy answered 2 years ago

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