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International Business Business Environment And International BusinessEasy

Which organisation is responsible for regulating international trade between nations?

Correct Answer: B — World Trade Organization (WTO)

The correct answer is B: World Trade Organization (WTO).

The WTO is the only global international organization dealing with the rules of trade between nations. It aims to ensure that trade flows as smoothly, predictably, and freely as possible. The WTO was established in 1995, replacing the General Agreement on Tariffs and Trade (GATT).