Describe the Objective of WTO
Also mention its head quater ?
Answers
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The headquarters of WTO are in Geneva, Switzerland.
Its objectives are as follows :-
✔ It is designed to supervise and liberalise international trade. Deals with regulation of trade between participating countries.
✔ It lays down a commonly code of conduct, with a view to reducing trade barriers including tariffs and discrimination in international trade relations.
✔ It acts as a dispute settlement body.
✔ It helps to promote international peace bu solving trade problems between the countries with mutual consideration
✔ It ensures that a the rules and regulations prescribed in the act are duly followed by the member countries for the settlement of disputes.
✔ It holds consultation with IMF and Wolrd Bank, and its affiliated agencies so as to bring better understanding and cooperation in global economic policy making.
✔ It supervises on a regular basis the operations of the revised agreements and ministerial declarations relating to goods, services and Trade Rrlated Intellectual Property Rights (TRIPR)
HOPE IT HELPS YOU !!
Answer:
Hello Mate ...!!!
Describe the Objective of WTO Also mention its head quater ?
⚘ Objectives of WTO :-
- To improve the standard of living of people in the member countries.
- To ensure full employment and broad increase in effective demand.
- To enlarge production and trade of goods.
- To increase the trade of services.
- To ensure optimum utilization of world resources.
- To accept the concept of sustainable development.
- To protect the environment
⚘Headquarter of WTO :-
- Centre William Rappard, Rue de Lausanne 154, Geneva, Canton of Geneva 1211 is the Headquarter of WTO.
Hope it will be helpful :)....✍️