objectives of world trade organization?
Answers
Answered by
4
Tariffs and Trade (GATT) (1968-93) gave birth to World Trade Organization (WTO). World Trade Organization was formed as a replacement for General Agreements on Tariffs and Trade in 1995 with the purpose of supervising and liberalizing international trade.
Unlike GATT, World Trade Organization is a permanent organisation which has been established on the basis of an international treaty approved by participating countries. WTO has a total of 157 member countries accounting for over 97% of the world trade.
Objectives of World Trade Organization
To accept the concept of sustainable development
To protect the environment
To ensure optimum utilization of world resources
To enlarge production and trade of goods
To ensure full employment and increase in effective demand
To improve the standard of living of people of member countries
Functions of World Trade Organization
To deal with regulation of trade between participating countries
To provide a framework for negotiations and formalization of trade agreements
It is responsible for enforcing trade laws and agreements
It monitors trade services and trade related aspects at intellectual property rights
To assist international organisations such as IMF and IBRD
To provide a framework for dispute settlement
Unlike GATT, World Trade Organization is a permanent organisation which has been established on the basis of an international treaty approved by participating countries. WTO has a total of 157 member countries accounting for over 97% of the world trade.
Objectives of World Trade Organization
To accept the concept of sustainable development
To protect the environment
To ensure optimum utilization of world resources
To enlarge production and trade of goods
To ensure full employment and increase in effective demand
To improve the standard of living of people of member countries
Functions of World Trade Organization
To deal with regulation of trade between participating countries
To provide a framework for negotiations and formalization of trade agreements
It is responsible for enforcing trade laws and agreements
It monitors trade services and trade related aspects at intellectual property rights
To assist international organisations such as IMF and IBRD
To provide a framework for dispute settlement
Answered by
1
Answer:
please mark me brainly and give me likes
Attachments:
Similar questions