Explain the role played by WTO in liberalizing international trade.

1.	Explain the role played by WTO in liberalizing international trade.
Answer» The WTO or the World Trade Organization is an important Trade Organization of the World. The WTO helps in establishing cordial trade relations between different countries and keeps a record of all the trade taking place between two countries. HOPE THIS HELPS YOU PLEASE DO LIKE AND MARK IT AS THE BEST! THANK YOU! WTO’s aim is to liberalise international trade. It establishes rules regarding international trade and sees that these rules are obeyed. 161 countries of the world are its members currently. It is seen that the developed countries have unfairly retained trade barriers. On the other hand, WTO rules have forced developing countries to remove trade barriers.

Answer»

The WTO or the World Trade Organization is an important Trade Organization of the World. The WTO helps in establishing cordial trade relations between different countries and keeps a record of all the trade taking place between two countries.

HOPE THIS HELPS YOU PLEASE DO LIKE AND MARK IT AS THE BEST!

THANK YOU!

WTO’s aim is to liberalise international trade. It establishes rules regarding international trade and sees that these rules are obeyed. 161 countries of the world are its members currently. It is seen that the developed countries have unfairly retained trade barriers. On the other hand, WTO rules have forced developing countries to remove trade barriers.

Discussion

No Comment Found

Related InterviewSolutions

6. Name any three medicinal plants with their uses.
Name any four plants with medicinal value.
What role does opposition political party play in Indian politics?oes democracy produce an 'accountable government?
Name the program that allows high level language to interrelate with a hardware device.
Explain the statement,' there is a general consensus of high level of buffer stock of food grains is very undesirable and wasteful.' (5mark question)
who was Columbus
ind out where records are kept in your village orty. Who writes these records? Is there an archive?ho manages it? What kinds of documents are storedere? Who are the people who use it?
Project:Take weights of five of your friends.Find out what their weights will be on themoon and the Mars.
Give four examples of adjacent angles in daily life.
when do they use this direction in daily life