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प्रश्न
Write down the functions of WTO.
उत्तर
- It is a forum for negotiation and formalization of trade agreement among the member countries.
- It settles disputes and grievances relating to trade among the member countries.
- It frames commonly acceptable code of conduct in order to reduce trade barriers.
- It holds consultations with IMF and World Bank (IBRD) and its affiliates to bring about a greater understanding and co – operation in global economic policy making.
- It supervises the operations of agreement relating to General Agreement on Tariffs and Trade(GATT) and Trade-
- Related Intellectual Properties Rights (TRIPS)
- It regulates trade between participating countries.
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संबंधित प्रश्न
'Barriers on foreign trade and foreign investment were removed to a large extent in India since 1991.' Justify the statement
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General Agreement on Tariff and Trade was signed on ______.
The headquarter of WTO is located at ______.
What is the primary motive of establishment of WTO?
What are the criticisms of WTO?
Which one of the following is not true regarding the World Trade Organisation?
Multinational corporations have succeeded in entering global markets through:
The number of countries that are currently members of the WTO are:
