Question

The WTO has not been able to ensure free and fair trade among the countries. Why? How can this be rectified? Elaborate.​

Answer 1

Answer:

1) wto replaces general agreements on tariffs and trade (GATT) treaty in 1995 to promote international trade and solve world trade issues.

2) its aim is to liberalise international trade,established rules regarding international trade and sees.

Answer 2

The failure of WTO in ensuring that the free and fair trade among the countries:

• WTO is a world-level institution to promote fair trade practices among the countries. However, due to the dominance of developed countries like the USA it has failed to achieve its objectives.
• WTO is bounded by the trade barriers and tariffs which can be imposed on any country in case of violation of trade rules. Thus, free and fair trade practices are not completely ensured by it.  

This can be rectified by taking the following measures:

• The promotion of practice of free and open trade by ensuring economic development
• Providing equal platform for developing nations so that they gain trust and confidence in WTO
• Streamlining the funding and management process of WTO.

Learn more about WTO:

WTO information of history​

https://brainly.in/question/12601049

What is WTO?has it had been successful in its objective? explain

https://brainly.in/question/2848893