Social Sciences, asked by syedaaliya, 9 months ago

WTO encourageous globalisation.. explain...​

Answers

Answered by Truptikushe
2

Answer:

The World Trade Organization (WTO) is an international body whose purpose is to promote free trade by persuading countries to abolish import tariffs and other barriers. As such, it has become closely associated with globalisation. ... Gatt was formed in 1948 when 23 countries signed an agreement to reduce customs tariffs.

Answered by needy26
1

ROLE OF WTO IN GLOBALISATION :

The significance of the WTO for globalisation is that more than 130 countries must jointly open up their economies to each other and abide by common rules making it easier to trade and invest. The WTO also brings a wide range of economic sectors into the ambit of the global economy.

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