World trade organization | Trade Agreements-Principles-Decision-Making-Technical Assistance and Training-Key Functions and Objectives of the WTO
World trade organization(WTO) The World Trade Organization (WTO) is an international organization that deals with global rules of trade between nations. Its primary goal is to ensure that trade flows as smoothly, predictably, and freely as possible. Indian Agricultural Research Council | ICAR Objective Work Key Functions and Objectives of the WTO: 1. Trade Agreements: The WTO establishes rules for international trade through negotiated agreements between member countries. These agreements cover goods, services, and intellectual property. 2. Trade Facilitation: The WTO facilitates trade negotiations and agreements among member countries, aiming to reduce barriers to trade, including tariffs and non-tariff barriers. 3. Dispute Resolution: The WTO provides a framework for resolving trade disputes between member countries. This process helps in settling disagreements related to trade policies and practices. 4. Monitoring and Surveillance: The WTO monitors global trade policies and practi...