Question

Where is the head quaters of WTO situated?

Answer 1

The international organisation that deals with the trade between the two nations and deals with international trade is the World Trade Organisation. The headquarters of this organisation is situated in Geneva, Switzerland. The WTO handles and organises the regulation of trade in goods, services and intellectual property between participating countries by providing a framework for negotiating trade agreements and a dispute resolution process aimed at enforcing participants’ adherence to WTO agreements, that are signed by representatives of member government and ratified by their parliaments.

Functions of WTO

• It overlooks the implementation, administration and operation of the covered agreements
• It provides an assembly for negotiations and for settling disputes
• WTO also reviews and propagates the national trade policies, and to ensure the coherence and transparency of trade policies through surveillance in global economic policy-making.
• WTO also assists in developing, least-developed and low-income countries in transition to adjust to WTO rules and disciplines through technical cooperation and training.
• The WTO also facilitates the implementation, administration and operation and further the objectives of this Agreement and of the Multilateral Trade Agreements, and shall also provide the framework for the implementation, administration and operation of the multilateral Trade AgreementsThe WTO shall provide the forum for negotiations among its members concerning their multilateral trade relations in matters dealt with under the Agreement in the Annexes to this Agreement.
• The plays the role of administration by understanding on Rules and Procedures Governing the Settlement of Disputes.
• The WTO also reviews the Policy Review Mechanism.