write a short note on wto class 11
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Answer:
The World Trade organization also known as the wto was established in 1995 to foster international trade. it was the successor of the GATT agreements of 1949. it came into existence after the end of the Uruguay rounds and various conferences on international trade from 1986 to 1994. it's aim was to reduce trade barriers and ensure that countries practiced a non discriminatory trade policies to member countries with the invention of arbitration in the organization. currently, the WTO is headed by an African a Nigerian; Dr Ngozi Okonjo Iweala
Answer:
WTO – World Trade Organisation, was established in 1995 as the heir organisation to the GATT (General Agreement on Trade and Tariff). GATT was founded in 1948 with 23 nations as the global (international) trade organisation to serve all multilateral trade agreements by giving fair chances to all nations in the international exchange for trading prospects. WTO is required to build a rule-based trading government in which countries cannot place unreasonable constraints on trade.
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