Question

mention three statutory systems of world trade organisation

Answer 1

Non-discrimination. It has two major components: the most favoured nation (MFN) rule, and the national treatment policy. ...

Reciprocity. ...

Binding and enforceable commitments. ...

Transparency. ...

Safety values.

Answer 2

The world trade organisation (WTO) is the only international organisation with the global rules of trade. its main function is to ensure that trade flow as smoothly predictably and freely as possible following are the tatutory system of WTO.. 1.Most favoured nation-trading other peoples equally under wto agreements countries cannot normally discriminated between their trading partners 2.Nation treatments-trading foreigners and local equally imported and locally produced goods have entered the matket. 3.Free trade-lowering trade barriers is one of the most obvious means of encouraging trade the barriers concerned include costoms duties and measures such as import bans or quotas that restrict quantities selectively... hope it is helpfull to you