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Question
Answer the following question in about 30 words.
What is the basic function of the World Trade Organisation?
Very Short Answer
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Solution
The basic function of the World Trade Organisation is to serve as an international organisation that sets global rules for trade between nations. It sets the rules for global trade and resolves disputes between member nations. It is a permanent institution for promoting free and fair trade amongst nations. The WTO also covers trade in services, such as telecommunications and banking, and other issues such as intellectual property rights.
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History of International Trade
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