Question

define trade policy give the two objective of WTO​

Answer 1

(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.

The WTO has six key objectives:

(1) to set and enforce rules for international trade.

(2) to provide a forum for negotiating and monitoring further trade liberalization.

(3) to resolve trade disputes.

(4) to increase the transparency of decision-making processes.

(5) to cooperate with other major international economic institutions involved in global economic management.

(6) to help developing countries benefit fully from the global trading system.