GK
WORLD ORGANISATIONS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is one purpose of WTO principle “Predictability through Binding and Transparency”?
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setting a fixed upper limit on tariffs and other commitments
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encouraging unfair trade
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providing stability and predictability (for businesses)
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discouraging transparency in trade policies and practices
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Explanation:
Detailed explanation-1: -With stability and predictability, investment is encouraged, jobs are created and consumers can fully enjoy the benefits of competition-choice and lower prices.
Detailed explanation-2: -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.
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