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WTO aims at:
- a)establishing rules for domestic trade
- b)restricting trade practices
- c)liberalising international trade
- d)none of these
Correct answer is option 'C'. Can you explain this answer?
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WTO aims at:a)establishing rules for domestic tradeb)restricting trade...
WTO Aims at Liberalising International Trade
- Facilitating Trade: The primary aim of WTO is to facilitate international trade by creating a set of rules and regulations that govern trade between countries.
- Removing Trade Barriers: WTO works towards reducing and eliminating barriers to trade such as tariffs, quotas, and subsidies, to promote a more open and free trading system.
- Promoting Fair Competition: WTO aims to create a level playing field for all countries by ensuring fair competition and preventing unfair trade practices.
- Protecting Intellectual Property Rights: WTO also focuses on protecting intellectual property rights to encourage innovation and creativity in trade.
- Resolving Trade Disputes: Another important goal of WTO is to provide a platform for countries to resolve trade disputes through a transparent and predictable dispute settlement mechanism.
Overall, the main objective of WTO is to promote liberalisation of international trade by establishing a rules-based system that fosters economic growth, development, and stability among member countries.
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WTO aims at:a)establishing rules for domestic tradeb)restricting trade practicesc)liberalising international traded)none of theseCorrect answer is option 'C'. Can you explain this answer?
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WTO aims at:a)establishing rules for domestic tradeb)restricting trade practicesc)liberalising international traded)none of theseCorrect answer is option 'C'. Can you explain this answer? for Humanities/Arts 2024 is part of Humanities/Arts preparation. The Question and answers have been prepared according to the Humanities/Arts exam syllabus. Information about WTO aims at:a)establishing rules for domestic tradeb)restricting trade practicesc)liberalising international traded)none of theseCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Humanities/Arts 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for WTO aims at:a)establishing rules for domestic tradeb)restricting trade practicesc)liberalising international traded)none of theseCorrect answer is option 'C'. Can you explain this answer?.
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