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Which one of the following is not a clause of the World Trade Organization?

  • A.Most favoured nation treatment.
  • B.Providing financial support to the countries having deficit balance of payments.
  • C.Lowering the trade barriers with negotiations.
  • D.Discouraging unfair trade practices such as anti-dumping and export subsidies.

Answer: B

Correct answer: Providing financial support to the countries having deficit balance of payments.

That is the work of the International Monetary Fund, not the WTO. The WTO’s business is trade rules: most-favoured-nation treatment, lowering barriers through negotiation, and disciplining unfair practices such as dumping and export subsidies. It lends nobody money.

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