GK
WORLD ORGANISATIONS
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Promote free trade among countries
|
|
|
Settle economic disputes between countries as they arise
|
|
|
Increase the standard of living in countries
|
|
|
Create more jobs and stimulate growth
|
|
|
All of the answers are correct
|
Detailed explanation-1: -The overall objective of the WTO is to help its members use trade as a means to raise living standards, create jobs and improve people’s lives. The WTO operates the global system of trade rules and helps developing countries build their trade capacity.
Detailed explanation-2: -The main objective of WTO is-Reduction of tariffs and other barriers to trade.
Detailed explanation-3: -The WTO’s goal is to ensure that world trade continues efficiently, fairly and predictably. The WTO sets and represents the ground rules for the member nations’ global trade, proposing an international trade framework.
Detailed explanation-4: -THE FOUR ROLES OF THE WTO. Progressive opening and regulation of markets. The WTO’s mission is to open markets gradually while ensuring that rules are respected. The WTO acts as conductor, tribunal, monitor and trainer. Orchestra conductor. How do trade negotiations work? Tribunal. Monitor. Trainer. More items