Business Degree Certification Practice Test

Which of the following is not a goal of the World Trade Organization (WTO)?

1. Elimination of trade barriers

2. Ensuring fair trade practices

3. Serving as an independent judiciary for trade issues

4. Development of national trade policies

The correct answer is: Development of national trade policies

The World Trade Organization (WTO) primarily aims to promote free trade by eliminating trade barriers, ensuring fair trade practices, and providing a framework for resolving trade disputes—essentially acting as a facilitator for international trade relations. Its core objectives focus on creating a level playing field among member nations to encourage open and equitable trade. The development of national trade policies, however, is not a direct goal of the WTO. Instead, the WTO allows member countries to establish their own trade policies while providing guidelines and a structure for how trade should be conducted internationally. While it encourages consistency in trade practices among nations, the specific formulation and development of trade policies are left to individual countries, which may vary significantly based on their unique economic contexts and priorities. Thus, this option does not align with the principal objectives of the WTO.