GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Trade organisations
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Government organisations
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Local organisations
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Research organisations
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Detailed explanation-1: -The WTO derives most of the income for its annual budget from contributions by its Members. These are established according to a formula based on their share of international trade. Miscellaneous income is earned from rental fees and sales of WTO print and electronic publications.
Detailed explanation-2: -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-3: -Regional trade agreements generally take on one of four forms: free trade areas, customs unions, common markets and economic unions.
Detailed explanation-4: -World Trade Organization Agreements. The World Trade Organization (WTO) Agreements create an international trade legal framework for 164 economies around the world. These Agreements cover goods, services, intellectual property, standards, investment and other issues that impact the flow of trade.