2007-12-07 23:44:00 · 3 answers · asked by Rajesh A 1 in Politics & Government ➔ International Organizations
WTO= World Trade Organization
It was founded to create a global free-market system by reducing trade barriers and increasing international trade. It sets international rates for trade and specifies quotas, tarrifs, etc. for member nations to abide by. Basically, it eventually favors the developed nations as they can used their majority votes to force the other members to abide by rules that will ultimatley favor them.
2007-12-10 02:18:50 · answer #1 · answered by Anonymous · 1⤊ 0⤋
World Trade Organization was established in order that the member countries will cooperate in the elimination or lowering of tariffs so that goods with have low prices.
2007-12-09 14:57:28 · answer #2 · answered by FRAGINAL, JTM 7 · 0⤊ 0⤋
ITS WORLD TRADE ORGANISATION
AND GO TO http://www.wto.org/english/docs_e/legal_e/final_e.htm
FOR AGREEMENTS ..
TC
2007-12-07 23:50:56 · answer #3 · answered by anuj563 2 · 0⤊ 0⤋