Question

WTO was started at the initiative of ______ countries. The aim of the WTO is to ______. WTO establishes rules regarding ______ for all countries, and sees that ______. In practice, trade between countries is not ______. Developing countries like India have ______, whereas developed countries, in many cases, have continued to provide protection to their producers.

Answer 1

WTO was started at the initiative of developed countries. The aim of the WTO is to liberalise international trade. WTO establishes rules regarding international trade for all countries, and sees that these rules are obeyed. In practice, trade between countries is not fair. Developing countries like India have removed trade barriers, whereas developed countries, in many cases, have continued to provide protection to their producers.