World Trade Organisation Flashcards
1
Q
What is the aim of the World Trade Organisation
A
It is the only international organisation with global rules for trade. Its main aim is to oversee that trade flows as smoothly and freely as possible
2
Q
What are the 2 functions of the WTO ?
A
- Oversees implementation and administration of covered agreements
- Forum for negiotiations and settling disputes
3
Q
What are 2 criticisms adressed at the WTO
A
- Free trade leads to divergence of income levels between countries
- Accused of unfair bias towards multinational corporations
4
Q
A
