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World Trade Organization (WTO)
The World Trade Organization came into being in 1995. One of the youngest of the international organizations, the WTO is the successor to the General Agreement on Tariffsand Trade (GATT) established in the wake of the Second World War. While the WTO is still young, the multilateral trading system that was originally set up under GATT is well over 50 years old.
In which of the following types of corporation the outstanding shares of stock are held by a small number of persons, frequently family relatives or friends?
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