Define the form W.T.O in brief ?
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The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations. At its heart are the WTO agreements, negotiated and signed by the bulk of the world's trading nations and ratified in their parliaments.
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Explanation:
WTO is world trade organization whose aim is to liberalise international trade
Removing trade barriers or restrictions set by government is known as liberalisation
Nearly 150 countries of world are currently members of W.T.O which is located in Geneva,Switzerland
W.T.O establishes rules regarding international trade for all countries, and sees that these rules are obeyed
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