Question
Consider the following statements and select the correct answer from the codes given below:
Assertion (A):
The W.T.O. aims to promote free trade.
Reason (R):
It does not manage the global economy impartially.
Codes:
Assertion (A):
The W.T.O. aims to promote free trade.
Reason (R):
It does not manage the global economy impartially.
Codes:
Answer: Option A
Answer: (a)
The WTO established in 1995. It aims to promote free trade, but it does not manage the global economy impartially.
The organization deals with the regulation of trade between participating countries; it provides a framework for negotiating and formalizing trade agreements, and a dispute resolution process aimed at enforcing participant’s adherence to WTO agreements, which are signed by representatives of member governments and ratified by their parliaments.
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Answer: (a)
The WTO established in 1995. It aims to promote free trade, but it does not manage the global economy impartially.
The organization deals with the regulation of trade between participating countries; it provides a framework for negotiating and formalizing trade agreements, and a dispute resolution process aimed at enforcing participant’s adherence to WTO agreements, which are signed by representatives of member governments and ratified by their parliaments.
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