Question

What is the main aim of World Trade Organization?

Answer 1

WTO wishes to achieve the following objectives through the multilateral trading system:

i. Raise living standards

ii. Ensure full employment

iii. Ensure a large and steadily growing volume of real income and effective demand

iv. Expand the production of and trade in, goods and services, while allowing for the optimal use of the world’s resources in accordance with the objective of sustainable development.