What is WTO and how this …

What is WTO and how this organisation work ?
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Yogita Ingle 1 month, 1 week ago

The following points state functions and importance of WTO

(i) WTO deals with regulation of trade between participating countries.

(ii) WTO provides a forum for negotiations and for setting disputes.

(iii) It is also a centre of economic research and analysis.

(iv) It is an organisation that intends to supervise and liberalise international trade.

(v) It oversees the implementation, administration and operations of the covered agreements.

In brief, the World Trade Organization (WTO) is the only international organization dealing with the global rules of trade. Its main function is to ensure that trade flows as smoothly, predictably and freely as possible.

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