Question

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> Identify which of the following are the functions of the World Trade Organization.

• A. It helps in maintaining peace and stability between member nations.
• B. It promotes international financial stability.
• C. It ensures economic growth of its member countries.
• D. It moderates and supervises the discussion regarding terms and conditions of trade between countries.

Answer 1

Answer: (A), (C), (D)

It moderates and supervises the discussion regarding terms and conditions of trade between countries.

The following are the functions of the World Trade Organization:

• Remove obstacles influencing global trade
• Suggest changes in policies of other countries to trade freely
• Solve disputes and conflicts between member nations
• Ensure good governance
• Help in maintaining stability and peace
• Stimulate economic growth
• Create employment opportunities and raise standard of living

The International Monetary Fund promotes international financial stability and facilitates international trade