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Briefly describe the functions and objectives of the WTO. - Economic Applications

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Question

Briefly describe the functions & objectives of the WTO.

Short Answer
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Solution

  • Administer and monitor the implementation of multilateral trade agreements.
  • Provide a forum for trade negotiations among members.
  • Settle trade disputes through a rules-based dispute settlement system.
  • Review and increase the transparency of members’ trade policies (through periodic policy reviews).
  • Provide technical assistance and capacity-building for developing/least-developed countries and cooperate with other international economic institutions.
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Chapter 13: Globalisation - QUESTIONS [Page 182]

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J. P. Goel and Kaushal Goel Economic Applications [English] Class 9 ICSE
Chapter 13 Globalisation
QUESTIONS | Q 4. (i) | Page 182
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