1.

What is WTO and list out its objectives in brief

Answer»

The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations. At its heart are the WTO agreements, negotiated and signed by the bulk of the world’s TRADING nations and ratified in their parliaments. The goal is to help producers of goods and SERVICES, exporters, and importers conduct their business.

Objectives of World Trade Organization

To accept the concept of sustainable development.
To protect the environment.
To ensure optimum utilization of world resources.
To ENLARGE production and trade of goodsTo ensure full employment and increase in effective demand.
To IMPROVE the standard of living of people of member COUNTRIES.

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