WTO Flashcards
1
Q
What does WTO stand for
A
World Trade Organisation (WTO)
2
Q
What does the WTO do
A
1995 - Took over from the General Agreement on Tariffs and Trade
Promotes trade liberalisation e.g., for manufactured goods
3
Q
evaluation of there role
A
Failed to stop the USA and EU from subsidising their own food producers which hinders farmers in LDCs
4
Q
The average tariff has …….
A
halved since 1995
