Question

Describe any five characteristic of WTO?

Answer 1

The five characteristics of WTO are

(i) World Trade Organisation (WTO) is a powerful international organisation.

(it) It aims at liberalising international trade.

(iii)It establishes rules regarding international trade and sees that these rules are obeyed.

(iv)Nearly 162 countries of the world are currendy members of the WTO, as on 30th November, 2015. .

(v) WTO is supposed to allow free trade for all countries. But in ptacdce, it is seen that the developed countries have unfairly retained trade barriers.

I hope this will help you

Answer 2

The five characteristics of WTO are
(i) World Trade Organisation (WTO) is a powerful international organisation.
(it) It aims at liberalising international trade.
(iii)It establishes rules regarding international trade and sees that these rules are obeyed.
(iv)Nearly 162 countries of the world are currendy members of the WTO, as on 30th November, 2015. .
(v) WTO is supposed to allow free trade for all countries. But in ptacdce, it is seen that the developed countries have unfairly retained trade barriers.