|
Answer» Important objectives of WTO are mentioned below:
- To implement the new world TRADE system as visualised in the Agreement;
- To promote World Trade in a manner that benefits every country;
- To ensure that developing countries secure a better balance in the SHARING of the advantages resulting from the expansion of international trade corresponding to their developmental needs;
- To demolish all hurdles to an open world trading system and usher in international economic renaissance because the world trade is an effective instrument to foster economic growth;
- To enhance competitiveness among all trading partners so as to benefit consumers and help in global integration;
- To increase the level of production and PRODUCTIVITY with a view to ENSURING level of EMPLOYMENT in the world;
- To expand and utilize world resources to the best;
- To improve the level of living for the global population and speed up economic development of the member nations.
Important objectives of WTO are mentioned below:
|
