Which of the following are the key objectives of WTO? A. To set rules for international trade B. To…
The core objectives and functions of the World Trade Organization (WTO) are to establish and administer multilateral rules for international trade (A), act as an impartial…
Choose your answer
Which of the following are the key objectives of WTO?
A. To set rules for international trade
B. To resolve trade disputes
C. To resolve border disputes
D. To provide a forum for negotiating trade liberalisation
Answer and explanation
Correct answer A
The core objectives and functions of the World Trade Organization (WTO) are to establish and administer multilateral rules for international trade (A), act as an impartial tribunal to resolve trade disputes among member states (B), and provide a permanent forum for negotiating further trade liberalization (D). Resolving territorial or political border disputes (C) falls outside the WTO's mandate.
Practice for these exams
-
UGC NET Commerce