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World Trade Organisation (WTO) was started at the initiative of which one of the following group of countries?
- a)Rich countries
- b)Poor countries
- c)Developed countries
- d)Developing countries
Correct answer is option 'C'. Can you explain this answer?
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Most Upvoted Answer
World Trade Organisation (WTO) was started at the initiative of which ...
* World Trade Organisation (WTO) is an international body, which aims at liberalising international trade. It was started at the initiative of developed countries.
WTO establishes rules regarding international trade.
* So option " c " is correct
WTO establishes rules regarding international trade.
* So option " c " is correct
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Community Answer
World Trade Organisation (WTO) was started at the initiative of which ...
Initiative of Developed Countries
The correct answer is option C, i.e. Developed countries. The World Trade Organisation (WTO) was started at the initiative of developed countries.
The WTO was established on 1st January 1995, with the aim of promoting international trade and economic cooperation between member countries. The organisation replaced the General Agreement on Tariffs and Trade (GATT), which had been in existence since 1948.
The developed countries, such as the United States, Japan, and European Union, were the driving force behind the formation of the WTO. They wanted to create a more effective and comprehensive international trade organisation that would address the challenges and opportunities of the global economy.
The main objectives of the WTO are to ensure that trade flows as smoothly, predictably and freely as possible, and to stimulate economic growth and development around the world.
The WTO sets rules for international trade and resolves disputes between member countries. It also provides a forum for negotiating new trade agreements and for monitoring the implementation of existing ones.
Conclusion
In conclusion, the World Trade Organisation (WTO) was started at the initiative of developed countries. The organisation was established to promote international trade and economic cooperation between member countries, and to ensure that trade flows as smoothly, predictably and freely as possible. The WTO sets rules for international trade and resolves disputes between member countries, and provides a forum for negotiating new trade agreements and for monitoring the implementation of existing ones.
The correct answer is option C, i.e. Developed countries. The World Trade Organisation (WTO) was started at the initiative of developed countries.
The WTO was established on 1st January 1995, with the aim of promoting international trade and economic cooperation between member countries. The organisation replaced the General Agreement on Tariffs and Trade (GATT), which had been in existence since 1948.
The developed countries, such as the United States, Japan, and European Union, were the driving force behind the formation of the WTO. They wanted to create a more effective and comprehensive international trade organisation that would address the challenges and opportunities of the global economy.
The main objectives of the WTO are to ensure that trade flows as smoothly, predictably and freely as possible, and to stimulate economic growth and development around the world.
The WTO sets rules for international trade and resolves disputes between member countries. It also provides a forum for negotiating new trade agreements and for monitoring the implementation of existing ones.
Conclusion
In conclusion, the World Trade Organisation (WTO) was started at the initiative of developed countries. The organisation was established to promote international trade and economic cooperation between member countries, and to ensure that trade flows as smoothly, predictably and freely as possible. The WTO sets rules for international trade and resolves disputes between member countries, and provides a forum for negotiating new trade agreements and for monitoring the implementation of existing ones.
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World Trade Organisation (WTO) was started at the initiative of which one of the following group of countries?a)Rich countriesb)Poor countriesc)Developed countriesd)Developing countriesCorrect answer is option 'C'. Can you explain this answer?
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