Examlex
As long as it does not create trade barriers,the WTO allows member countries to establish:
International Payments
Transactions between countries involving the transfer of money and payments for goods and services across borders.
Merchandise Exports
Goods produced domestically and sold to buyers in another country.
Freely Floating Exchange Rates
A system where the value of currencies is determined by supply and demand in the foreign exchange market without direct intervention by central banks.
Bretton Woods Agreement
An agreement established in 1944 which set up an international monetary system based on fixed exchange rates and established the International Monetary Fund (IMF) and the World Bank.
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