☰
International Trade
Write a short note on WTO.
WTO stands for World Trade Organisation.
(i) It is the successor of GATT from January 1995. It is only international organisation dealing with the global rules of trade between nations.
(ii) It sets the rules for the global trading system and resolves disputes between its member nations.
(iii) WTO also covers trade in services, such as telecommunication and banking, and others issues such as intellectual property rights.
Sponsor Area
Which one of the following South American nation, is a part of OPEC?
In which of the following trade blocs is India an associate member?
What is the basic function of the World Trade Organisation?
Why is it deterimental for a nation to have negative balance of payments?
What benefits do nations get by forming trading blocs?
How are ports helpful for trade? Give a classification of ports on the basis of their location.
How do nations gain from international trade?
What are out ports? Define with examples.
Describe the nature of composition of internation trade.
Define barter system. Mention the difficulties with this system.
Sponsor Area
Sponsor Area