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Which one of the following was the main aim to form ‘World Trade Organisation’ ?
  • a)
    To liberalise international trade
  • b)
    To promote trade of rich countries
  • c)
    To promote poor countries
  • d)
    To promote bilateral trade
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Which one of the following was the main aim to form ‘World Trade...
(i) 
WTO
 deals with the regulation of trade between participating countries. (ii) 
WTO
 provides a forum for negotiations and for settling disputes. (iii) It is also a center of economic research and analysis. (iv) It is an organization that intends to supervise and liberalize international trade.
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Which one of the following was the main aim to form ‘World Trade...
In brief, the World Trade Organization (WTO) is the only international organization dealing with the global rules of trade. Its main function is to ensure that trade flows as smoothly, predictably and freely as possible.
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