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.


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