Which international organization is primarily responsible for promoting and regulating global trade rules and resolving trade disputes?

• A. World Trade Organization
• B. United Nations
• C. International Monetary Fund
• D. World Health Organization

Answer: (A)

Global trade is governed by a single system that writes and enforces the rules countries agree to for trading goods, services, and intellectual property, and it also provides a formal way to settle disputes. That organization is the World Trade Organization, which administers trade agreements, monitors policies, and runs a dispute settlement mechanism. When a country believes another country is breaking a rule, it can bring a case, and panels issue rulings that are binding; if a country doesn’t comply, the agreement allows for authorized remedies to ensure compliance. The WTO also helps negotiate and update these rules and supports members, including developing countries, in participating effectively in global trade. The other options don’t fit because the United Nations is a broad body for international cooperation rather than a focused trade regulator, the International Monetary Fund handles monetary issues and financial stability, and the World Health Organization focuses on global health.