Respuesta :
Answer:
World Bank - Finances projects APEC - Economic forum OPEC - Controls most of the world's crude oil
Explanation:
(A) World Bank: finances projects in middle-income nations.
(B) APEC: economic forum for Pacific Rim economies
(C) OPEC: controls most of the world’s crude oil and natural gas reserves.
International trade can be defined as an economic process which typically involves the exchange of goods, capital, and services (business transactions) between two or more countries. Thus, international trade mainly deals with economic (business) transactions across international borders or territories so as to meet the unending requirements, wants, or needs of the consumers in those location.
Some of the institutions or concepts involved in the regulation of international trade are;
- World Bank: it is an international financial institution that is saddled with the responsibility of financing capital projects in middle-income nations by granting or awarding low-interest loan to them.
- APEC: it is an acronym for Asia -Pacific Economic Cooperation. Also, it is an inter-governmental economic forum which was established in 1989 for Pacific Rim economies comprising 21 members and it's saddled with the responsibility of promoting free trade and investment among member nations.
- OPEC: it is an acronym for Organization of Petroleum Exporting Countries and it was established on the 14th of September, 1960 in Baghdad, Iraq. OPEC is an inter-governmental organization that is saddled with the responsibility of controlling most of the world’s crude oil and natural gas reserves. The main objective and purpose of the organization of the petroleum exporting countries (OPEC) is to coordinate and create uniformity in petroleum policies among its 13 member countries namely; Nigeria, Gabon, United Arab Emirates, Algeria, Saudi Arabia (the de facto leader of OPEC), Angola, Iraq, Equatorial Guinea, Iran, Kuwait, the Republic of the Congo, Venezuela, and Libya, so as to facilitate the regular supply of crude oil, petroleum and natural gas to consuming nations at a fair and stable price per barrel.
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