Write the functions of the important trade organisations in Asia. Write answers in short.
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The World Trade Organisation as the name indicates is an organization that deals with the regulation of the international trade.
Special emphasis is given to the fact that trading is done smoothly and in the correct way.
That is why WTO puts a check on all these and make sure that countries follow the policies and work accordingly.
WTO has a mission to take the international trade on the next level.
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Association of South-East Asian nations (ASEAN) is an important Trade Organisation in Asia. Its function are as follows:
(1) To exand social and cultural harmony along with economic growth in South-East Asia.
(2) To promote regional peace.
(3) To promote tax waivers for trade growth in member states.
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