Question
What are the objectives and guiding principles of WTO? Do you think that in the light of changing global world order, WTO has become less effective? Give reasons in support of your answer.
Answer :
Word Count : 290
The World Trade Organization (WTO) was established in 1995 to promote free and fair trade across nations. Its key objectives include facilitating smooth, predictable, and liberal international trade; reducing trade barriers such as tariffs and quotas; promoting non-discrimination through the principles of Most Favoured Nation (MFN) and National Treatment; and ensuring transparency in trade-related policies. It also aims to settle trade disputes through a formal mechanism and to provide technical assistance and ______ ________ ____ _________ ________ _____ ____.
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The World Trade Organization (WTO) was established in 1995 to promote free and fair trade across nations. Its key objectives include facilitating smooth, predictable, and liberal international trade; reducing trade barriers such as tariffs and quotas; promoting non-discrimination through the principles of Most Favoured Nation (MFN) and National Treatment; and ensuring transparency in trade-related policies. It also aims to settle trade disputes through a formal mechanism and to provide technical assistance and ______ ________ ____ _________ ________ _____ ____.
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