What is W.T.O? What are its two faces?
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World Trade Organisation.
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World Trade Organization (WTO)
Explanation:
The World Trade Organization (WTO) is the only international organization dealing with the global rules of trade.
Its main function is to ensure that trade flows as smoothly, predictably and freely as possible.
The WTO deals with regulation of trade in goods, services and intellectual property between participating countries by providing a framework for negotiating trade agreements and a dispute resolution process aimed at enforcing participants' adherence to WTO agreements, which are signed by representatives of member governments
#Learn more :
What is the role of the W.T.O ? What two benefits will India get as a member of W.T.O ?
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