Functions and importance of WTO ?
Answers
Answer:
WTO deals with regulation of trade between participating countries. (ii) WTO provides a forum for negotiations and for setting disputes. (iii)It is also a centre of economic research and analysis. (iv)It is an organisation that intends to supervise and liberalise international trade.
Answer:
FUNCTIONS:
•Administering WTO trade agreements.
•Forum for trade negotiations.
•Handling trade disputes.
•Monitoring trade policies.
•Technical assistance and training for developing economies.
•Cooperation with other international organizations.
The Importance of the WTO to World Trade
It does this by implementing, regulating and operating trade agreements between countries, and provides a fair forum for trade negotiations between member countries, mediating on disputes as they arise. It aims to help with imports, exports and conducting trade fairly.