Which trade organization is responsible for 90% of the world’s trade?

World trade organization is responsible for 90% of the world trade. The rules and regulations it devises are governing majority of the entire world trade. With 164 members, almost all countries are subject to WTO guidelines and rules. One of the main features of this organization is that it aims to reduce barriers and tariffs to trade thus facilitating free exchange of goods and services in the global village.

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Martebi Martebi · Answer 2 · 2022-05-23T11:45:25+02:00

The trade organization responsible for 90% of the world’s trade is known to be World Trade Organization.

What is WTO about?

The World Trade Organization (WTO) is known to be the only global international organization that is known to handle and create the rules of trade that takes place between nations.

Note that the trade organization responsible for 90% of the world’s trade is said to be World Trade Organization as it is made up of all its WTO agreements that rules trade process.

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