Explain the importance of WTO.

Question

20 Mar 2023

Answer :

Word Count : 310

The World Trade Organization (WTO) is an international organization that aims to promote and facilitate international trade among its member countries. It was established in 1995 and replaced the General Agreement on Tariffs and Trade (GATT). The WTO is based in Geneva, Switzerland and has 164 member countries as of 2021. The WTO plays a vital role in the global economy and has several important functions, including:

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