What Are The Functions of World Trade Organization?


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WTO 1

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Functions of WTO:

 

  1. WTO facilitates the management of Multilateral Trade Agreements and the Plurilateral Trade Agreements for the fulfillment of their obligations.

 

  1. It negotiates all Multilateral Trade relations concerni9ng the above Agreements among member-countries.

 

  1. It facilitates implementation of the results of the negotiations as decided by the Ministerial Conference. 4. It administers the understanding on Rules and Procedures governing the settlement of Disputes, forming part of the Agreements.

 

  1. It is responsible for administration of the Trade Policy Review Mechanism forming part of the Agreement.

 

  1. It is also the organ for establishing co-ordination regarding economic Policy formation with other wings of the UNO such as IBRD and IMF.
  2. It utilizes the world resources in an optimum.

 

 

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We, at BMS.co.in, believe in sharing knowledge and giving quality information to our BMS students. We are here to provide and update you with every details required by you BMSites! If you want to join us, please mail to contact@bms.co.in.

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