what is WTO?explain the criticisms against WTO?
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It is the World trade organisation.It is criticized because it poses threat to the local distributors as it gives commodities at a very low price poor in quality sometimes making it difficult for the locals to prosper.It plays a dominant role so it is criticized.Are you ninth because it came in SA2 Question paper.
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World trade orgainisation is an international body like united nation. It was set up in 1995 to promote trade among member countries.
It's headquarters are in Geneva (Switzerland).
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W.T.O was set up to perform the following functions :-
•Monitoring WTO trade agreements.
•Handling of trade disputes.
•To provide technical assistance and training for developing countries.
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