Question

What is the major aim of WTO? Mention any two shortcomings of WTO? ​

Answer 1

Answer:

The main shortcomings of the WTO was seen that the developed nations retained trade barriers by manipulating the situation to their favour, while the developing nations were forced to remove trade barriers and initiate policies of liberalization.

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Answer 2

Answer:

The main shortcomings of the WTO was seen that the developed nations retained trade barriers by manipulating the situation to their favour, while the developing nations were forced to remove trade barriers and initiate policies of liberalization

The WTO has six aim (1) to set and enforce rules for international trade, (2) to provide a forum for negotiating and monitoring further trade liberalization, (3) to resolve trade disputes, (4) to increase the transparency of decision-making processes, (5) to cooperate with other major international economic