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Questions
State the objectives of WTO.
Briefly describe the objectives of the WTO.
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Solution 1
- To provide a platform for negotiations in international trade.
- To handle the differences related to trade.
- Monitor the trade policies of member states.
- Providing technological assistance and training to developing countries.
Solution 2
Objectives of the WTO:
- Promote multilateral trade among many nations.
- Progressive liberalisation; eliminate tariffs and other barriers in goods and services.
- Promote world trade so every member country benefits.
- Expand and utilise world resources optimally.
- Enhance competition among trading partners to benefit consumers.
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