Which of the Following Is a Difference Between the General

Which of the following is a difference between the General Agreement on Tariffs and Trade (GATT) and the World Trade Organization (WTO) ?

A) The GATT was involved only in merchandise trade, while the WTO covers services and trade-related aspects of intellectual property.
B) The GATT was involved in settling disputes quickly, while the WTO relies on voluntary cooperation.
C) The GATT was developed to support Mexico's efforts to become more market-oriented, while the WTO aims to launch new provisions against dumping.
D) The GATT resolved more trade disputes in its first decade, while the WTO is susceptible to blockage.
E) The GATT was the institutional foundation for world trade, while the WTO is based on multilateral agreements with no institutional foundation.

Correct Answer:

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Access For Free