Question

write a note on WTO ?

Answer 1

The major function of the WTO is to ensure the flow of international trade as smoothly, predictably, and freely as possible. This is a multilateral trade organization aimed at evolving a liberalized trade regime under a rule-based system.

The basic functions of WTO are:

i. To facilitate the implementation, administration, and operation of trade agreements.

ii. To provide a forum for further negotiations among member countries on matters covered by the agreements as well as on new issues falling within its mandate.

iii. Settlement of differences and disputes among its member countries.

iv. To carry out periodic reviews of the trade policies of its member countries.

v. To assist developing countries in trade policy issues, through technical assistance and training programmes.

vi. To cooperate with other international organizations.
Hope this helps you.....

Answer 2

My dear friend....the full form of WTO means....

World Trade Organization..



*It is an inter governmental organization that regulates international trade.


*it is officially commenced on 1stt January 1995. under Marrakesh agreement signed in 124 nations on 5th april,1994 replacing the general agreement on tariffs and trade which is commenced on 1948..



it is largest international economic organization in the world...


hope it helps you quickly



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