What is the main aim of World Trade Organisation? Explain its function

1.	What is the main aim of World Trade Organisation? Explain its functions.
Answer» The main aim of World Trade Organisation is to liberalise international trade. It says that all barriers to foreign trade and investment are harmful. There should be no barriers. The main functions of World Trade Organisation are: It establishes rules regarding international trade and sees that they are obeyed. It provides a platform to member countries to decide future strategies related to trade. It administers the rules and processes related to dispute settlement. It ensures optimum utilisation of world resources. . It assists international organisations such as IMF and 1BPD for establishing coherence in Universal Economic Policy determination.

What is the main aim of World Trade Organisation? Explain its functions.

Answer»

The main aim of World Trade Organisation is to liberalise international trade. It says that all barriers to foreign trade and investment are harmful. There should be no barriers.

The main functions of World Trade Organisation are:

It establishes rules regarding international trade and sees that they are obeyed.
It provides a platform to member countries to decide future strategies related to trade.
It administers the rules and processes related to dispute settlement.
It ensures optimum utilisation of world resources. .
It assists international organisations such as IMF and 1BPD for establishing coherence in Universal Economic Policy determination.

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What is the main aim of World Trade Organisation? Explain its functions.

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