Question
State the role of WTO in promoting global trade.
Answer :
Word Count : 287
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The World Trade Organization (WTO) plays a crucial role in promoting global trade by establishing a framework for international trade agreements and ensuring that trade flows smoothly and predictably. One of its primary functions is to facilitate the negotiation of trade agreements between member countries. These agreements aim to reduce trade barriers, such as tariffs and quotas, making it easier for countries to engage in cross-border commerce. By providing a platform for negotiations, the WTO encourages countries to agree on fair trade rules that benefit all parties involved. Another key aspect of the WTO’s role is the enforcement of trade rules. The organization has a dispute resolution mechanism that helps resolve conflicts
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