What is the role of the World Trade Organization?

1 Answer

Answer :

The World Trade Organization (WTO) is an organization that ensures that the global trade rules are adhered to nation states. The organization supports the liberalization of trade. WTO also ensures that no nation is discriminated against or given special treatment during the trading process. WTO ensures that tariffs are used as instruments for protection of local markets. The international organization makes sure that states are given the same concessions as other states have granted to them.

Related questions

Description : What happened to the WTO (world trade organization) protests 15 years ago?

Last Answer : answer:Here’s a good article on the subject - http://www.newrepublic.com/article/115360/wto-protests-why-have-they-gotten-smaller

Description : How many countries are currently the members of the World Trade Organization (WTO) ? -SST 10th

Last Answer : It has 164 member countries as on 29 July, 2016.

Description : “World Trade Organization rules have forced the developing countries to remove trade barriers.” -SST 10th

Last Answer : ' Values hampered due to this are : (i) Equal benefits and opportunities for all the people. (ii) Equality. (iii) Fair trade rules and practices.

Description : Where is the headquarters of the World Trade Organization? -General Knowledge

Last Answer : answer:

Description : When was the World Trade Organization established? -General Knowledge

Last Answer : The WTO began life on 1 January 1995, but its trading system is half a century older. Since 1948, the General Agreement on Tariffs and Trade (GATT) had provided the rules for the system. (The ... meeting, held in Geneva in May 1998, included a celebration of the 50th anniversary of the system.)

Description : Where is the headquarters of the World Trade Organization? -General Knowledge

Last Answer : Geneva, Switzerland, where the WTO headquarters is located, is a unique place, with many United Nations and other international organizations, as well as missions to the WTO. The Centre William Rappard ... the building that has been home to the WTO Secretariat since the WTO was established in 1995.

Description : What is the World Trade Organization ?

Last Answer : The World Trade Organization is the body that manages and regulates trade and commerce at the international level. The previous name was GATT which was established in 1947. The latest member is Yemen ... the WTO . The current membership is 160. The headquarters are located in Geneva, Switzerland.

Description : What is The primary objective of the World Trade Organization?

Last Answer : Feel Free to Answer

Description : What is a major similarity between the world Trade Organization (WTO) and the World Bank?

Last Answer : Both require members to remove barriers to trade ( apex )

Description : What is a major difference between the World Trade Organization (WTO) and the World Bank?

Last Answer : Answer this question… The World Bank works to help developing countries, while the WTO promotes global trade more generally.

Description : The Doing Business Report" is prepared by which of the following organizations every year? (A) World Bank (B) Asian Development Bank (ADB) (C) International Monetary Fund (IMF) (D) World Trade Organization (WTO)

Last Answer : Answer: World Bank

Description : “The Doing Business Report” is prepared by which of the following organizations every year? A. Asian Development Bank(ADB) B. World Bank(WB) C. New Development Bank(NDB) D. World Trade Organization(WTO)

Last Answer : B. World Bank(WB) Explanation: The Doing Business Report (DB) is a study elaborated by the World Bank Group since 2003 every year that is aimed to measure the costs to firms of ... sector development, and is claimed to have motivated the design of several regulatory reforms in developing countries.

Description : OSI model is a product of the Open Systems Interconnection effort at the ____: a) IBM b) ISO (International Organization for Standardization) c) WTO (World Trade Organziation) d) None of These

Last Answer : b) ISO (International Organization for Standardization)

Description : The world trade organization was formed in the year with GATT as it basis. A. 1993 B. 1994 C. 1995 D. 1996

Last Answer : 1995

Description : The head quarter of world trade organization is located in

Last Answer : Geneva, Switzerland

Description : Which of the following is not the function of World Trade Organization? (a) To settle border disputes of member countries. ; (b) To handle trade disputes. (c) To provide technical ... and training to developing countries. (d) To provide forum for trade negotiation between the member countries.

Last Answer : (a) To settle border disputes of member countries. ; (b) To handle trade disputes. 

Description : Which organization lays stress on liberalization of foreign trade and foreign investment ? -SST 10th

Last Answer : The World Trade Organisation (WTO) lays stress on liberalization of foreign trade and foreign investment.

Description : Name the organization which lay emphasis on liberalisation of foreign trade and foreign investment in India. -SST 10th

Last Answer : World Trade Organization (WTO).

Description : Which organization issue the rules of global trade? -Do You Know?

Last Answer : answer:

Description : The new organization established to implement the Fifth Generation Project is called _____________ a) ICOT (Institute for New Generation Computer Technology) b) MITI (Ministry of International ... c) MCC (Microelectronics and Computer Technology Corporation) d) SCP (Strategic Computing Program)

Last Answer : a) ICOT (Institute for New Generation Computer Technology)

Description : With regard to the WTO, subsidies are covered in two separate international economic law agreements. Which are they? A. The GATT and the Agreement on Subsidies and Countervailing Measures B. ... D. The International Monetary Fund's Articles of Agreement and the European Central Bank's Statute.

Last Answer : A. The GATT and the Agreement on Subsidies and Countervailing Measures

Description : What was the main role of 'FEDECOR organization in Bolivia ? -SST 10th

Last Answer : FEDECOR was on an organisation that led the water struggle in Bolivia. It consisted of local professionals like engineers and environmentalists.

Last Answer : : The United Nations has played a leading role in the establishment of the United Nations.

Description : What would be your role in the organization for being a part of bio-technology team ?

Last Answer : As a member of bio-technology team, its my responsibility to go to the lab and do a surprise check on the samples produced, keep updating myself from the company presentations and websites ... . Pro-actively communicate with the operations team on the ongoing experiments in the industry.

Description : Which one of the following best describes a project stakeholder? a. A party who is concerned about the project going ahead. b. A party with an interest or role in the project or is impacted by ... of the project. d. A party who has a financial stake in the organization managing the project.

Last Answer : b. A party with an interest or role in the project or is impacted by the project.

Description : Role clarification facilitates the development of all of the following, EXCEPT: Select one: a. communication planning. b. key milestones. c. work flow organization. d. approval processes. e. role boundary spanning processes.

Last Answer : b. key milestones.

Description : To successfully manage a project, the PM must play both a manager and leadership role. In the manager role the PM will do all but which of the following: 1. Develop procedures  2. Align people  3. Produce results for stakeholder  4. Focus on the organization and its structure 5. Both b and d

Last Answer : 2. Align people

Description : Who is the person who holds a key position in the newspaper organization; he is responsible for the activities of income generation role of the newspaper? a) Editor b) Publisher c) Advertising Manager d) Circulation Manager

Last Answer : c) Advertising Manager

Description : Tell me about a time when you came up with an innovative solution to a challenge your company/class/organization was facing. What was the challenge? What role did others play?

Last Answer : The company wants to hire someone who can come up with solutions to problems the company is facing, and can eectively implement those solutions. Give an example from the past that shows this.

Description : Role of security auditor is to ____________ a) secure the network b) probe for safety and security of organization’s security components and systems c) detects and prevents cyber attacks and threats to organization d) does penetration testing on different web applications

Last Answer : b) probe for safety and security of organization’s security components and systems

Description : ____ is a statement Which derives the role that an organization plays in a society. A. Goals. B. Mission. C. Objective. D. Success.

Last Answer : B. Mission.

Description : Describe the role of Mr. Lal as a 'doer' in the organization. 

Last Answer : Ans: Mr. Lal was a Doer' when he started the organization. He used to do everything including coding, system architecture, accounting, administration, back office work or business development. As ... the nuances of the business. His Doer phase help him in understanding higher management thoughts. 

Description : “Air transport plays an important role in the international trade.” Support the statement. -Geography

Last Answer : (i) Air transport is the fastest means of transportation but it is very costly. It plays an important role in international trade. (ii) Valuable cargo can be moved rapidly on a worldwide scale ... . (v) Today more than 250 commercial airlines offer regular services to different parts of the world.

Description : Explain the role of Indian merchants and bankers in the network of export trade. -SST 10th

Last Answer : (i) From the late eighteenth century, the British in India began exporting opium to China and took tea from China to England (it) Many Indians became junior players in this trade, ... carving goods from one place to another, banking money, transferring funds between cities, and financing traders.

Description : What was the role of trade guilds ? Explain. -SST 10th

Last Answer : (i) Trade guilds were associations of producers that trained craft people, maintained control over production, regulated competition and prices (ii)They enjoyed monopoly rights to produce and trade in specific ... iii) They also had the right to restrict the entry of new producers into the trade.

Description : What is the role played by the Eastern coastal ports of India in trade? -SST 10th

Last Answer : . Chennai: It is one of the oldest artificial ports of the country. It is ranked next to Mumbai in terms of volume of trade and cargo. . Vishakhapatnam: It-is the deepest land-locked and well ... Port: It was developed as a subsidiary port, in order to relieve growing pressure on the Kolkata port.

Description : What is the role of WTO in international trade? -SST 10th

Last Answer : . WTO's aim is to liberalise international trade. . It establishes rules regarding international trade and sees that these rules are obeyed. . 161 countries of the world are its members ... trade barriers. On the other hand, WTO rules have forced developing countries to remove trade barriers.

Description : Discuss the role of trade barriers on the importof chinese toys in india . -SST 10th

Last Answer : 'This answer was deleted by our moderators...

Description : What role did trade play in the development of culture in North Africa?

Last Answer : Need answer

Description : Why did the french play a limit role in the Atlantic slave trade to north America?

Last Answer : French colonists rarely established large plantations in NorthAmerica

Description : What statement best represents the general attitude of the framers about the role of the federal government in foreign trade?

Last Answer : Feel Free to Answer