Explain the functions and importance of World Trade Organisation (WTO)

1.	Explain the functions and importance of World Trade Organisation (WTO).
Answer» The following points state functions and importance of WTO The WTO has fueled globalization with both positive and negative effects. The main focus of the WTO is to provide open lines of communication concerning trade among its members. It is also a centre of economic research and analysis. It is an organisation that intends to supervise and liberalise international trade. It oversees the implementation, administration and operations of the covered agreements.

Explain the functions and importance of World Trade Organisation (WTO).

Answer»

The following points state functions and importance of WTO

The WTO has fueled globalization with both positive and negative effects.
The main focus of the WTO is to provide open lines of communication concerning trade among its members.
It is also a centre of economic research and analysis.
It is an organisation that intends to supervise and liberalise international trade.
It oversees the implementation, administration and operations of the covered agreements.

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Explain the functions and importance of World Trade Organisation (WTO).

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