A country that joins the WTO is required to increase its international trade with other member countriesGroup of answer choicesTrueFalse
Question
A country that joins the WTO is required to increase its international trade with other member countries
Group of answer choices
- True
- False
Solution
Answer to the Question
The statement "A country that joins the WTO is required to increase its international trade with other member countries" is True.
When a country becomes a member of the World Trade Organization (WTO), it agrees to adhere to various rules and agreements aimed at promoting free trade among member nations. This often includes reducing tariffs, eliminating trade barriers, and adhering to agreed-upon trade regulations. Consequently, the expectation is that membership will encourage increased trade between WTO members as they benefit from lower trade costs and greater market access.
However, it's worth noting that while membership presents opportunities for increased trade due to these benefits, actual trade increases can also depend on other factors such as domestic policies, economic conditions, and global market trends.
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