2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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India
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South Africa
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Both A and B
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USA
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Detailed explanation-1: -It provides up-to-the minute trade-related information including notifications by WTO members, the impact the virus has had on exports and imports and how the multilateral trading system has responded to the pandemic.
Detailed explanation-2: -In brief, the World Trade Organization (WTO) is the only international organization dealing with the global rules of trade. Its main function is to ensure that trade flows as smoothly, predictably and freely as possible.
Detailed explanation-3: -The WTO has many roles: it operates a global system of trade rules, it acts as a forum for negotiating trade agreements, it settles trade disputes between its members and it supports the needs of developing countries.
Detailed explanation-4: -International trade plunged in 2020 but recovered sharply in 2021. While total trade flows are now comfortably above pre-pandemic levels, trade impacts across specific goods, services and trade partners are highly diverse, creating pressures on specific sectors and supply chains.