What Is the Function of WTO?


The function of WTO is to promote international trade. It does so by setting standards and overseeing the terms of engagement to guarantee fairness in international trade and giving the emerging economies an upper hand in global trade. WTO is based in New York.
Q&A Related to "What Is the Function of WTO"
function of World Trade Organisation
World Trade
The WTO is the "World Trade Organization" formed in 1995 as the successor to the General Agreement on Tariffs and Trade (GATT), which had regulated worldwide tariffs since
Two types of people work at the WTO: the diplomats and negotiators who represent governments, and the secretariat staff. . The diplomats interact with each other and with trade ministries
1 Additional Answer
The World Trade Organization (WTO) is the only international organization dealing with the global rules of trade between nations. Its main functions include administering WTO trade agreements, forum for trade negotiations, conduct forums for trade dispute settlement, monitor national trade policies, provide technical assistance and training for developing countries and ensure functional cooperation with other international organisations.
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