CBSE - CLASS X - Economics -- Chapter 4 : Globalisation and the Indian Economy : Write short notes on World Trade Organisation.

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  • Published date: November 28, 2018
    • Vasai East, Thane, Maharashtra

Ans: World Trade Organisation (WTO) is an intergovernmental organization that regulates international trade. The WTO officially commenced on 1 January 1995. The WTO has 164 members as on 2016. WTO rules have forced the developing countries to remove trade barriers. The WTO deals with regulation of trade in goods, services and intellectual property between participating countries by providing a framework for negotiating trade agreements and a dispute resolution process aimed at enforcing participants' adherence to WTO agreements, which are signed by representatives of member governments. Its headquarter is at Geneva, Switzerland.

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