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Question
Write a detailed note on the functioning of WTO
Short Note
Solution
Functions of the WTO
(a) Providing an environment to the member countries such that they can put forward their grievances before the WTO without any hesitation
(b) Resolving trade disputes among member nations
(c) Eliminating discriminations in trade relations by laying down a commonly accepted code of conduct
(d) Creating better understanding between member countries by consulting with the IMF, the World Bank, and various other World Bank affiliates.
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Objectives of World Trade Organization (WTO)
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