Social Sciences, asked by vebhav890, 1 year ago

characteristics of WTO?

Answers

Answered by BrainlyMOSAD
6
here is u r answer.
◆◆◆◆
it's help u...

there are many character of world transport organization.

1.non discrimination.

2.free trade.

3.stability in the trading system .

4.promotion of fair competition.

5.special concern for developing countries.

6.market access committement.

7.descision at the ministerial level meating.

8.wider range issues.

9.fare trade.

ok help u..
Answered by Prashant24IITBHU
1
India is also a member of World Trade Organization.
The features of World Trade Organization are as follows:


⊕All its members enjoys equal voting rights, irrespective of type and volume of trade.

It has a legal and institutional foundation of the multi trading system.

 World Trade organization is a huge organizational body having a large secretariat.

World Trade Organization has global status like IMF, but it is not an agent of UN.

⊕It has a wide coverage of not only trade but also service.

It has an automatic dispute settlement system.

WTO has a rule based and time bound approach.

⊕WTO focuses an trade related aspects of intellectual property rights.

⊕All its agreements are permanent and binding to all member countries.

⊕World Trade Organization is a separate legal entity.


Similar questions