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Which of the following organisations lays stress on liberalisation of foreign trade and foreign investment ?
[2011 (T-2)]
- a)International Labour Organisation
- b)World Health Organisation
- c)International Monetary Fund
- d)World Trade Organisation
Correct answer is option 'D'. Can you explain this answer?
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Which of the following organisations lays stress on liberalisation of ...
The World Trade Organization, commonly referred to as WTO, is an international organisation dealing with the rules of trade between nations. Its goal is to ensure that trade flows as smoothly, predictably, and freely as possible. It was established on 1 January 1995 in Geneva. It believes that trade between countries should be free because barriers to foreign trade and investment restrict the growth of countries.
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Which of the following organisations lays stress on liberalisation of ...
The organization that lays stress on liberalization of foreign trade and foreign investment is the World Trade Organization (WTO).
- World Trade Organization (WTO):
The WTO is an international organization that deals with the global rules of trade between nations. It aims to create a level playing field for trade and promote economic growth by reducing barriers to international trade and investment. The WTO encourages its member countries to liberalize their trade policies and remove restrictions on foreign trade and investment.
- International Labour Organization (ILO):
The ILO is a specialized agency of the United Nations that focuses on labor issues. While the ILO promotes social justice and decent work, it does not directly lay stress on liberalization of foreign trade and foreign investment.
- World Health Organization (WHO):
The WHO is a specialized agency of the United Nations that is responsible for international public health. It works to improve the health of people worldwide and does not primarily focus on liberalization of foreign trade and foreign investment.
- International Monetary Fund (IMF):
The IMF is an international organization that aims to promote global monetary cooperation, secure financial stability, and facilitate international trade. While the IMF addresses economic and financial issues, it does not specifically emphasize liberalization of foreign trade and foreign investment.
In conclusion, the organization that lays stress on liberalization of foreign trade and foreign investment is the World Trade Organization (WTO).
- World Trade Organization (WTO):
The WTO is an international organization that deals with the global rules of trade between nations. It aims to create a level playing field for trade and promote economic growth by reducing barriers to international trade and investment. The WTO encourages its member countries to liberalize their trade policies and remove restrictions on foreign trade and investment.
- International Labour Organization (ILO):
The ILO is a specialized agency of the United Nations that focuses on labor issues. While the ILO promotes social justice and decent work, it does not directly lay stress on liberalization of foreign trade and foreign investment.
- World Health Organization (WHO):
The WHO is a specialized agency of the United Nations that is responsible for international public health. It works to improve the health of people worldwide and does not primarily focus on liberalization of foreign trade and foreign investment.
- International Monetary Fund (IMF):
The IMF is an international organization that aims to promote global monetary cooperation, secure financial stability, and facilitate international trade. While the IMF addresses economic and financial issues, it does not specifically emphasize liberalization of foreign trade and foreign investment.
In conclusion, the organization that lays stress on liberalization of foreign trade and foreign investment is the World Trade Organization (WTO).
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Which of the following organisations lays stress on liberalisation of foreign trade and foreign investment ?[2011 (T-2)]a)International Labour Organisationb)World Health Organisationc)International Monetary Fundd)World Trade OrganisationCorrect answer is option 'D'. Can you explain this answer?
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