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Question
Which of the following is true regarding the difference between GATT and WTO?A.The WTO was encouraged to extend its reach to encompass regulations governing foreign direct investment unlike GATT.
B.WTO operates on the basis of consensus unlike GATT.
C.GATT gives trading partners the right to compensation or, in the last resort, to impose (commensurate) trade sanctions unlike WTO.
D.GATT's verdict is binding unlike that of WTO's.
E.WTO allows member-countries to block adoption of arbitration reports unlike GATT.
Answer
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Related questions
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