GK
WORLD ORGANISATIONS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The WTO carries out periodic reviews of its members’ national trade policies. Members are required to notify the WTO of any changes in trade policy. What is this function?
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It facilitates co-operation with other international organisations
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It monitors national trade policies
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It provides technical assistance and training for developing countries
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It provides a forum for trade negotiations
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It handles trade disputes
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Explanation:
Detailed explanation-1: -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-2: -The WTO General Council meets as the Trade Policy Review Body to undertake trade policy reviews of Members under the TPRM and to consider the Director-General’s regular reports on trade policy developement. The TPRB is thus open to all WTO Members.
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