Explain the role played by WTO …
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Yogita Ingle 6 years, 4 months ago
The World Trade Organization is an intergovernmental organization commenced on 1 January 1995 under the Marrakesh Agreement. It aims to liberalise international trade. It does this in the foll. Manner:
1. It establishes rules regarding international trade ensures they are obeyed by its members.
2. Despite the principle of free trade for all, many developed countries have unfair retained trade barriers. On the contrary, WTO has forced developing countries to remove trade barriers. This depicts its bias towards the developed countries.
3. This has led to massive campaigning and representation by people’s organisations.
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