Write a short note on world trade organisation meeutnation
Answers
Answer:
The World Trade Organization (WTO) is an intergovernmental organization that is concerned with the regulation of international trade between nations. The WTO officially commenced on 1 January 1995 under the Marrakesh Agreement, signed by 124 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.
Formation
1 January 1995; 24 years ago
Type
International trade organization
Purpose
Reduction of tariffs and other barriers to trade
Headquarters
Centre William Rappard, Geneva, Switzerland
Coordinates
46°13′27″N 06°08′58″E
Region served
Region servedWorldwide
Region servedWorldwideMembership
164 member states
Official language
English, French, Spanish
Director-General
Roberto Azevêdo
Budget
197.2 million Swiss francs (approx. 209 million US$) in 2018.
Staff
640
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Question: Write a short note on the WTO...
Answer:
The World Trade Organisation[the WTO] is an organisation whose aim is to liberalise international trade...
Started at the initiative of the developed countries, the WTO establishes rules regarding international trade and sees that these rules are obeyed...
As on July 2016, nearly 165 countries of the world are members of the WTO...
Though the WTO is supposed to allow free trade for all, in practice, it is seen that the developed countries have unfairly retained trade barriers...
On the other hand the WTO rules have forced the developing countries to remove trade barriers...
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