Question

Why did WTO establish? What are its objectives?

Answer 1

WTO was established with the following objectives

Following are the objectives of WTO :

(i) To ensure reduction of tariffs and other trade barriers imposed by different countries.

(U) To engage in such activities which improve the standard of living, create employment, increase effective demand and income and facilitate higher production and smooth Trade.

(iii) Facilitate the optimum use of worlds limited resources.

(iv) Promote an integrated, more viable and durable

trading systems