GK
WORLD ORGANISATIONS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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WTO helps in the implementation and administration of international trade agreements. 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 administers WTO trade agreements
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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: -The WTO operates the global system of trade rules and helps developing countries build their trade capacity. It also provides a forum for its members to negotiate trade agreements and to resolve the trade problems they face with each other.
Detailed explanation-2: -The main objective of WTO is-Reduction of tariffs and other barriers to trade.
Detailed explanation-3: -It is a forum for governments to negotiate trade agreements. It is a place for them to settle trade disputes. It operates a system of trade rules. Essentially, the WTO is a place where member governments try to sort out the trade problems they face with each other.
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