Question

O WTO
incourages globalisation, Explain​

Answer 1

the World Trade Organization (WTO) is the only international organization dealing with the global rules of trade. Its main function is to ensure that trade flows as smoothly, predictably and freely as possible.

Answer 2

The WTO is an international organization that seeks to facilitate free trade by countries that eliminate import tariffs and other barriers. The World Trade Organisation (WTO) As such, it is closely related to globalization

Explanation:

• The World Trade Organization is the only foreign body to track international trade standards. It manages free trade agreements and settles trade disputes between governments and organizes trade negotiations.
• The World Trade Organization decisions are absolute and each Member must comply with its decisions. WTO members are encouraged by the organization, by the application of economic sanctions on countries that violate the law, to enforce their decisions.
• The WTO is the world's largest trade regulator and sets out the terms and conditions for signing international agreements. Globalization is also handled from a trade point of view at world level.

To know more

Explain the role played by WTO in liberalising international trade ...

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