Question

What are the aims of World Trade Organization?

Answer 1

World Trade Organization is an inter-governmental organization that is concerned with the regulation of international trade between various nations. The aims of world trade organization are:

1. To set and enforce rules for international trade

2. To provide a forum for negotiating and monitoring further trade liberalization

3. To resolve trade disputes between the nations

4. To increase the transparency of decision-making process of various nations

5. To cooperate with other major international economic association like UNO to regulate the communication between various nations