Write a short note on world …

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Write a short note on world trade organisation?

Posted by Arjav Jain 5 years, 7 months ago

CBSE > Class 10 > Social Science

1 answers

Yogita Ingle 5 years, 7 months ago

World Trade Organisation (WTO) is an organisation with 160 members (2014), and it aims to liberalise the international trade. At the international level, the WTO has pressured developing countries to liberalise trade and investment.

Importance:

To improve the standard of living of people in the member countries.
To ensure full employment.
To increase the trade of services.
To ensure optimum utilization of world resources.
To protect the environment.

Functions:

To implement of rules and provision reviewing of trade policy.
To provide a platform for member countries to decide future strategies related to trade and stuff.
To ensure optimum use of the world resources.
To administer rules and regulations related to dispute settlement.

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