Question
Download Solution PDFWhich of the following are the main functions of WTO?
1. To organize meetings of member countries to arrive at trade agreements covering international trade
2. To ensure that member countries conduct trade practices as per agreement agreed upon and signed by the member countries
3. To provide a platform to negotiate and settle disputes related to international trade between and among member countriesAnswer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe World Trade Organization (WTO) is an intergovernmental organisation dealing with the rules of trade between nations. The main functions of the WTO are:
- Administering WTO trade agreements
- Providing forum for trade negotiations
- Handling trade disputes
- Monitoring Members’ trade policies
- Providing technical assistance and training to developing and least developed economies
- Cooperating with other international organizations
Last updated on Jul 2, 2025
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