The correct answer is (b), Geneva.
The World Trade Organization (WTO) is an intergovernmental organization that regulates and facilitates international trade. It was established on 1 January 1995 as the successor to the General Agreement on Tariffs and Trade (GATT). The WTO is headquartered in Geneva, Switzerland.
The WTO’s main functions are to:
- Administer the rules of international trade
- Negotiate new trade agreements
- Provide a forum for resolving trade disputes
- Monitor national trade policies
- Help developing countries participate in the global trading system
The WTO has 164 member countries, which account for over 98% of world trade. The WTO’s rules are binding on all member countries, and the WTO has the authority to enforce its rules through dispute settlement procedures.
The WTO has been criticized for its lack of transparency and accountability, and for its failure to address the concerns of developing countries. However, the WTO remains the most important international organization for regulating international trade.
The other options are incorrect because:
- New York is the headquarters of the United Nations.
- Washington is the capital of the United States.
- London is the capital of the United Kingdom.