Question

what are the functions of world Trade organization? ​

Answer 1

$<b>i. It shall facilitate the implementation, administration and operation of the WTO trade agreements, such as multilateral trade agreements, plurilateral trade agreements.</b>$

$<b>ii. It shall provide forum for negotiations among its members concerning their multilateral trade relations.</b>$

$<b>iii. It shall administer the ‘Understanding on Rules and Procedures’ so as to handle trade disputes.</b>$

$<b>iv. It shall monitor national trade policies.</b>$

$<b>v. It shall provide technical assistance and training for members of the developing countries.</b>$

$<b>vi. It shall cooperate with various international organisations like the IMF and the WB with the aim of achieving greater coherence in global economic policy-making.</b>$

$<b>The WTO was founded on certain guiding principles—non-discrimination, free trade, open, fair and undistorted competition, etc. In addition, it has special concern for developing countries.</b>$

Answer 2

Among the various functions of the WTO, these are regarded by analysts as the most important:

*It oversees the implementation, administration and operation of the covered agreements.

*It provides a forum for negotiations and for settling disputes.