What is WTO ? Explain functions and objectives of WTO.
The World Trade Organization (WTO) is an international organization that regulates and facilitates international trade between nations. It was established on January 1, 1995, and is headquartered in Geneva, Switzerland. The WTO replaced the General Agreement on Tariffs and Trade (GATT), which had been in existence since 1948. The primary purpose of the WTO is to create a platform for member countries to negotiate trade agreements, settle disputes, and establish a set of rules and principles governing international trade.
Functions of the WTO:
1. Trade Negotiations:
One of the key functions of the WTO is to facilitate trade negotiations among its member countries. Through rounds of negotiations, countries discuss and reach agreements on issues such as tariffs, non-tariff barriers, and other trade-related matters. The most notable negotiation round was the Uruguay Round, which led to the creation of the WTO and the establishment of new rules and commitments.
2. Dispute Settlement:
The WTO provides a mechanism for resolving trade disputes between member countries. The Dispute Settlement Body (DSB) is responsible for settling disputes through consultations and, if necessary, through the establishment of dispute resolution panels. The decisions of these panels are binding and aim to ensure that member countries comply with their WTO commitments.
3. Monitoring and Implementation:
_______ _________ __________ _____ ______ __________ ________ _________ _________ ____ __________.
_____ ________ __________ ___ __________ ____ _________ ___ ___ _________.
____ ____ _____ ___ __________ _____.
__________ _____ _______ _______ _________ _____ ______ ___.
_________ _____ _____ __________ ______ _______ _______ _________ __________ ______ ______ ______.
_______ ____ _________ ____ _________ _____ ______ ___ ____.
_____ _________ ______ _____ __________ ________.
________ __________ _________ ______ __________ _________ ________ ________ _______ ______ _______.
_______ ________ ____ ____ _____ ___ _____ _____.
_____ __________ ___ _____ ___ ___ ________ _______ ___ _________ ___.
_________ _________ _________ _________ _______ ____ _______ __________ ________ ___ ____.
_________ _____ __________ _____ _______.
___ ______ ______ __________ __________ _________.
________ _________ _______ ____ _______ ________.
____ _______ __________ _________ ________ __________ _____.
______ _______ ______ _________ ____ _____ _____ ________ ___ __________ ____.
_________ ___ _____ _____ __________ ________ ____ ______.
________ ______ ______ ________ _________ ___ _____ ________.
______ ________ ___ ________ ______ _____.
______ ___ ________ ________ ________ _____ ____ ______ ____.
__________ _________ ___ ___ ________ ______ __________ ____.
__________ ______ _______ __________ __________ ______ ___ _____ ________ _____.
_____ ______ ____ _______ _______ _________ _____ ___ _____ _______ _________ ______.
______ __________ ___ ___ __________ ___ __________ _______ ________.
_______ _____ __________ _________ __________ ___ __________ _____ ________ ________ ______ ______.
_______ ___ ________ ______ _______ __________ _______ __________ __________.
________ _________ ______ ___ __________ __________ ____.
________ ___ _______ ____ _______ ______ ______.
_____ ______ ______ _______ __________.
______ __________ __________ ___ _________ ________ ____ ____ ________ ______ _____.
_____ ______ ______ ______ ________ _____ _____ __________ ______ ______ __________ ____.
____ ____ _____ ______ ___ ___ _________ _______.
____ _____ _______ ________ ________ ____ __________.
__________ _______ __________ _____ _____ ____ _______ __________ ______ ____.
____ ____ _______ ___ _____ ________ ___.
_______ _____ _____ ______ ____.
_______ ______ ______ ___ ________ _______ _________ ____ ________.
_______ __________ ____ ________ ______ _________ _____ ____.
________ _________ _____ _____ ______ _________ ____ ____ _______ __________ __________.
___ ____ ___ ___ ____ _________ ____ _____ ______ __________ __________ ___.
____ ______ ______ _______ ________ _______.
_________ _____ _______ ______ ______ __________ _____ ___ ___.
____ _______ _________ ____ _______.
_______ __________ ____ _______ _____.
____ ___ _______ _________ ____ ______ __________.
________ ____ ________ _______ __________ ________ ___ _____ ____.
_____ ______ ________ ___ _______ __________ ___ __________.
______ __________ _______ ___ _________ __________ ___ ____ ____ __________ _____ __________.
_____ _______ _____ _______ ________ ________ _________ __________ __________.
__________ ________ ____ _____ _________ _______ __________ ________.
- Solved Assignments
- Study Notes
- Guess Papers
- Question Papers
✓ Unlock up to 60% of the answer
✓ No payment required