economicsAs of July 2016, how many countries are members in the WTO?

As of July 2016, how many countries are members in the WTO?


  1. A
    164
  2. B
    195
  3. C
    193
  4. D
    167 

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    Solution:

    As of July 29th July 2016, 164 members are of the World Trade Organisation.
    Representing about 98% of the total world trade, it has 164 members and 25 observer governments. In July 2016, the last two nations were added to the member’s list - Liberia became the 163rd on July 14th, and Afghanistan became the 164th on the 29th. The WTO is the body that monitors and regulates international trade. It was formed on January 1st 1995, taking the position of its predecessor GATT. One of the significant functions of WTO is to oversee and set regulations to create a favourable environment for globalisation and liberalisation, i.e., free trade.
     
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