CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

What is/are the role(s) of the World Trade Organization (WTO) when a country wants to become its member?

A
Suggests changes in international trade policies of the country that wishes to be a part of the WTO
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
B
Brings stability and peace in the country that wishes to be a part of the WTO
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
Provides subsidies to increase production in the country that wishes to be a part of the WTO
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
Moderates and supervises discussions between member countries regarding terms and conditions of trade
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
Open in App
Solution

The correct option is D Moderates and supervises discussions between member countries regarding terms and conditions of trade
The countries that wish to be a part of the WTO have to remove trade barriers to allow trade with other countries. Therefore, the WTO assists in framing international trade policies. Before countries start trading with each other, they negotiate the terms and conditions of trade. This process is moderated and supervised by the WTO. Finally, the countries sign legal trade agreements.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Some More
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon