what is the world trade organisations state it any four principles
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The WTO's founding and guiding principles remain the pursuit of open borders, the guarantee of most-favoured-nation principle and non-discriminatory treatment by and among members, and a commitment to transparency in the conduct of its activities.
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World Trade organisation (WTO) is an international body , which aims at liberalising international trade.
- Freer trade– All trade barriers should be lowered gradually through negotiations.
- Predictability– There should be stability and predictability in the trade rules of a nation.
- Promoting fair competition.
- Encourage development and economic reforms.
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