world trade organisation Flashcards
1
Q
what is the WTO
A
-organises world trade with 164 member states
2
Q
ideal trade according to WTO
A
-non-discriminating
-free from barriers
-fair comp
-beneficial for developing countries
3
Q
functions/roles of WTO
A
-set + enforce rules on int. trade
-resolve disputes
-provide forum to negotiate trade lib
-monitor further liberalisation
-increase transparency of decision process
