Which institution is primarily involved in setting global trade rules?

• A. World Health Organization
• B. International Court of Justice
• C. World Trade Organization
• D. International Monetary Fund

Answer: (C)

Global trade rules are set and enforced by the World Trade Organization, which acts as the main international body for trade governance. It negotiates and administers binding agreements that govern the behavior of nations in trade of goods, services, and intellectual property, and it provides a formal dispute settlement mechanism so members can resolve trade disagreements under agreed rules. This centralized framework is what makes it the primary source for global trade rules. The other institutions deal with different areas: the World Health Organization focuses on health standards and cooperation, the International Court of Justice settles disputes in international law, and the International Monetary Fund handles monetary policy and financial stability rather than setting broad trade rules.