State and discuss any two objectives of World Trade Organisation.

Question :State and discuss any two objectives of World Trade Organisation.

The correct answer is -The World Trade Organization (WTO) is an international organization that works to promote free trade and facilitate economic cooperation among its member countries. Here are two objectives of the WTO:

1. Facilitating International Trade: One of the primary objectives of the WTO is to facilitate international trade by promoting the free flow of goods and services across borders. The organization works to reduce trade barriers, such as tariffs and quotas, and promotes fair and open trade practices among its member countries.

2. Ensuring Fair Trade Practices: Another important objective of the WTO is to ensure that trade practices among its member countries are fair and non-discriminatory. The organization works to ensure that its member countries comply with the WTO’s rules and regulations, which are designed to promote fair and open trade. Additionally, the WTO provides a platform for its members to discuss and resolve trade-related disputes through its dispute settlement mechanism.

Overall, the WTO plays a critical role in promoting global economic growth and development by facilitating international trade and promoting fair trade practices.