- WTO stands for the World Trade Organization. - Its main function is to ensure that trade flows as smoothly, predictably, and freely as possible among its member countries. - It provides a framework for negotiating trade agreements and a dispute resolution process aimed at facilitating trade between multiple nations.
The WTO basically promotes
Asked in APSC CCE Prelims Exam 2016 · Topic: Trade Balance and Trade Deficit/Surplus (Role of Global Economic Conditions and Geopolitical Factors on Trade Balance)
More External Sector of Economy questions
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