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Question
Write the 'WTO' in terms of globalization.
Solution
The following is information on the World Trade Organization:
- On 1st January 1995, 123 nations together founded an organization with the objective of opening the world for free trade.
- It was called World Trade Organisation (WTO).
- It’s a global trade organization and India is a member of it.
- After becoming a member of WTO, India put a thrust on economic progress.
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