GK
INTERNATIONAL ORGANISATIONS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The purpose of the World Trade Organization is to:
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ensure that global trade commences smoothly, freely and predictably
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increase the standard of living for all member countries
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create more jobs
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settle humanitarian and economic disputes between countries
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Explanation:
Detailed explanation-1: -The purpose of the WTO is to ensure global trade commences smoothly, freely, and predictably. The WTO creates and embodies the ground rules for global trade among member nations, offering a system for international commerce.
Detailed explanation-2: -The WTO is concerned only with free trade Countries that have opened themselves to trade have been able to play to their economic strengths: to specialize, use their comparative advantages, and so generate growth and higher incomes, which in turn has helped to solve economic and social problems.
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