What is the function of WTO?
Understand the Problem
The question is asking about the role and responsibilities of the World Trade Organization (WTO), which involves understanding its main functions and objectives in regulating international trade.
Answer
The WTO administers trade rules, negotiates agreements, resolves disputes, reviews policies, and supports developing countries.
The WTO administers global trade rules, negotiates trade agreements, resolves trade disputes, reviews trade policies, and aids developing nations.
Answer for screen readers
The WTO administers global trade rules, negotiates trade agreements, resolves trade disputes, reviews trade policies, and aids developing nations.
More Information
The WTO is vital for maintaining smooth and predictable trading relations worldwide, aiming to foster peace and cooperation among nations through trade.
Sources
- World Trade Organization - Overview, Structure, Functions - corporatefinanceinstitute.com
- The WTO in brief - wto.org
- What is the WTO? - wto.org
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