Question

Which international organisation look after the liberalisation of foreign trade?

Answer 1

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Explanation:

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Answer 2

World Trade Organisation is an important international organisation that looks after the liberalization of foreign trade.

Explanation:

• The liberalization of trade Trade  requires the countries to remove their existing economic barriers and restrictions by removing or liberalizing on the taxes, tariffs and quotas on the imported and exported goods.

• The main objective of the World trade organization   is to ensure free trade practices at the international level to allow the mechanism of trade to function worldwide without any problem.

• It is a process by which the people of the world function together in a unified single society without any problems.

To know more about World trade organization

The role of world trade organization in determining the pattern of world trade

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