Question

write a note the limitations of WTO above 100 words

Answer 1

The World Trade Organization (WTO) is an intergovernmental organization that regulates international trade. The WTO officially commenced on 1 January 1995 under the Marrakesh Agreement, signed by 123 nations on 15 April 1994, replacing the General Agreement on Tariffs and Trade(GATT), which commenced in 1948. It is the largest international economic organization in the world. The WTO deals with regulation of trade in goods, services and intellectual property between participating countries by providing a framework for negotiating trade agreements and a dispute resolution process aimed at enforcing participants' adherence to WTO agreements, which are signed by representatives of member 

Answer 2

The World Trade Organisation (WTO)

Explanation:

Limitations of WTO

• Free Trade benefits developed countries more than developing countries.
• Most favoured nation principle.
• Failure to reduce tariffs on agriculture
• Diversification.
• Environment.
• Free trade ignores cultural and social factors
• The WTO is criticised for being undemocratic.
• Slow progress
• WTO becoming overshadowed by TIPP agreements which fall outside the purvey of WTO rules.

#Learn more :

https://brainly.in/question/6776582

• #Learn more