explain the role of WTO in international trade
Answers
Answered by
132
Role of WTO in international business
1. WTO facilitates implementation, administration and smooth operations of trade agreements between the countries.
2. It provides a forum for the trade negotiations between its member countries.
3. Settlements of disputes between the member countries through the established rules and regulations.
4.It cooperates with the IMF(International Monitory Fund) and World Bank in terms of making cohesiveness in making global economic policies.
Please mark as brainlist
1. WTO facilitates implementation, administration and smooth operations of trade agreements between the countries.
2. It provides a forum for the trade negotiations between its member countries.
3. Settlements of disputes between the member countries through the established rules and regulations.
4.It cooperates with the IMF(International Monitory Fund) and World Bank in terms of making cohesiveness in making global economic policies.
Please mark as brainlist
Answered by
23
Answer:
1. 164 countries of the world are it's members currently .
2. WTO aim is to liberalise international trade.
3. it establishes rules regarding international trade and seeds that these rules are obeyed.
4. it provides a forum of trade negotiation b/w it's members countries
Similar questions