What are the objectives of WTO? …

Following are the objectives of WTO
(i) To ensure reduction of tariffs and other trade harriers imposed hy different countries.
(ii) To engage in such activities which improve the standards of living, create employment, increase income and effective demand and facilitate higher production and trade.
(iii) Facilitate the optimum use of world’s resources.
(iv) Promote an integrated more viable and durable trading system.

Functions of  WTO:

Facilitate international trade

• It facilitates international trade through the removal of tariff and non-tariff barriers.
• It provides greater market access to all member countries.

Formulation of rules 

• It establishes a rule-based trading regime, in which nations cannot place arbitrary restrictions on trade.

Protecting the interest of developing countries

• It frames fair global rules, regulations.
• It safeguards and advocates the interests of the developing world.