GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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World Tennis Organization
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World Trade Office
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World Trade Organization
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World Trade center
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Detailed explanation-1: -Peter Sutherland, with the overall responsibility for preparing the groundwork for a smooth transition from GATT to the WTO. In the “Headquarters Agreement", Members decide to locate the WTO in Geneva. 1995 1st January, establishment of the World Trade Organization. March, Mr.
Detailed explanation-2: -The WTO’s founding and guiding principles remain the pursuit of open borders, the guarantee of most-favoured-nation principle and non-discriminatory treatment by and among members, and a commitment to transparency in the conduct of its activities.
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.