what is WTO?has it had been successful in its objective? explain
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The functions of the World Trade Organisation (WTO) are as follows:
i) Establishing rules for international trade
ii) Ensuring the rules are followed
iii) Promoting removal of restrictions on trade barriers
iv) Encouraging the adoption of liberal economic policies by governments
WTO is against barriers on trade in the form of tariffs and import duties as these impede the flow of capital, investments an technology. These mechanisms prevent the functioning of free trade.
i) Establishing rules for international trade
ii) Ensuring the rules are followed
iii) Promoting removal of restrictions on trade barriers
iv) Encouraging the adoption of liberal economic policies by governments
WTO is against barriers on trade in the form of tariffs and import duties as these impede the flow of capital, investments an technology. These mechanisms prevent the functioning of free trade.
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the World Trade Organization (WTO) is the only international organization dealing with the global rules of trade between nations. Its main function is to ensure that trade flows as smoothly, predictably and freely as possible.
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