Question

give the meaning of WTO ? what is the major above WTO ? mention an any two shorts coming of WTO​

Answer 1

Answer:

WTO MEANS WORLD TRADE ORGANIZATION

THE MAJOR IS UN MEANS UNITED NATIONS

Answer 2

☘️ Answer:

WTO (World Trade Organization). WTO believes that there should not be any barriers between trade of different countries. Trade between countries should be free.

Aims of WTO:

• To liberalize international trade.
• To establish rules regarding international trade.

Two shortcomings of WTO:

1. Though WTO is supposed to allow free trade for all, in practice, it is seen that the developed countries have unfairly retained trade barriers and continued to provide protection to their producers. For example, farmers in the US receive huge sums of money from the government and as a result can sell the farm products at abnormally low prices in other countries, adversely affecting farmers in those countries.
2. On the other hand WTO rules have forced the developing countries to remove trade barriers.