GK
WORLD ORGANISATIONS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the primary purpose of the World Trade Organization?
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keep peace in the world
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foster global growth and economic stability
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help reduce poverty
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regulating trade/ to sort out trade problems
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Explanation:
Detailed explanation-1: -The goal is to help producers of goods and services, exporters, and importers conduct their business.
Detailed explanation-2: -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.
Detailed explanation-3: -The World Trade Organization’s main goal is to eliminate or reduce trade barriers and promote trade. Customs officials sell imported products in government-owned stores. The GATT agreement was replaced by the World Trade Organization.
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