Explain the functions and importance of World Trade Organisation

globalisation-indian

#1

Explain the functions and importance of World Trade Organisation (WTO).


#2

The following points state functions and importance of WTO
(i) WTO deals with regulation of trade between participating countries.
(ii) WTO provides a forum for negotiations and for setting disputes.
(iii) It is also a centre of economic research and analysis.
(iv) It is an organisation that intends to supervise and liberalise international trade.
(v) It oversees the implementation, administration and operations of the covered agreements.