Q.What are Major Functions of WTO ?

The WTO administers trade agreements, hosts trade negotiations, settles disputes, reviews members' trade policies, and helps developing countries with technical assistance.

The World Trade Organisation (WTO) came into existence on 1 January 1995, replacing the GATT, to promote free and fair international trade.

Major functions of WTO:

1. Administering trade agreements — implementing and managing the multilateral trade agreements among member countries.
2. Forum for trade negotiations — providing a platform for members to negotiate and reduce trade barriers (tariffs, quotas).
3. Settlement of disputes — handling trade disputes between members through its dispute-settlement mechanism.
4. Trade policy review — monitoring and reviewing the national trade policies of members for transparency. …