Maharashtra State BoardSSC (English Medium) 9th Standard
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Write answer in short: State the objectives of WTO. - Geography and Economics

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Short Note

Write answer in short:

State the objectives of WTO.

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Solution

The World Trade Organization (WTO) has six key objectives which are mentioned below.

  1. to set and enforce rules for international trade.
  2. to provide a forum for negotiating and monitoring further trade liberalization.
  3. to resolve trade disputes.
  4. to increase the transparency of decision-making processes.
  5. to cooperate with other major international economic institutions involved in global economic management and,
  6. to help developing countries benefit fully from the global trading system.
Concept: Types of Trade
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