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All of the following institutions were historically responsible for the removal of formal trade barriers EXCEPT (Hint: which institutions are more directly linked to trade issues, and which aren't?) O the General Agreement on Tariffs and Trade (GATT). O the World Trade Organization (WTO). O regional trade agreements such as NAFTA / USMCA O the World Bank and the International Monetary Fund. O the creation of the European Common Market, followed by the European Union (which among other things is a customs union). D Question 19 1 pts Mutual recognition of standards happens when O two trading partners reduce or eliminate tariffs between them. O two trading partners negotiate and set common product safety, environment, labor, and fair competition standards. O two trading partners agree that when a good is exported from one of them to the other, the exporter's standards are valid and sufficient, and the product can be exported, even if the importer's standards are different. O two trading partners hold separate standards and each one refuses to recognize its partner's standards. O a country demands that any goods imported must meet the country's own standards