Give objectives of World Trade Organisation (WTO).

Major objectives of WTO are as summarized below :

1. To ensure reduction of tariffs and other trade barriers imposed by different countries.

2. To engage in such activities which improve the standards of living, create employment, increase income and effective demand and facilitates higher production and trade.

3. To facilitate the optimal use of the world's resources for sustainable development; and.

4. To promote an integrated more viable and durable trading system.