Question

what r the functions of WTO ?​

Answer 1

Functions of WTO:-

1)To make those countries liberal means forcing those countries to remove all the trade barriers.
2)To maintain trade with other nations by means of transport and exchanging goods.
3)To maintain the relationship among countries si that there are no causes of war between two nations.
4)It allow all MNCs to do trade in each and every country,which further helps in boosting economy of country.
5)WTO also determines that there is no discrimination among developing countries and developed countries
I.e Developed country is not dominant over developing countries. It treates each nation as equal

Answer 2

The World Trade Organization(WTO) deals with the global rules of trade between nation. The functions include:

1. Its main function is to ensure that trade flows as smoothly, predictably and freely as possible.
2. Administering and implementing the multilateral and plurilateral agreements contained in the final act.
3. Acting as a forum for multilateral trade negotiations.
4. Seeking to resolve trade disputes.
5. Overseeing national trade policies.
6. Cooperating with the other international institutions, such as IMF and World Bank, involved in global economic policy making.