Q.Write any two functions of WTO.

The WTO is the global institution that makes and enforces the rules of international trade. Established on 1 January 1995 as the successor to GATT (1947) and headquartered in Geneva, Switzerland, its objectives are to raise living standards, achieve full employment, expand production and trade of goods and services, ensure optimal use of world resources in line with sustainable development, and reduce trade barriers between countries. It performs this role through five main functions: administering and implementing multilateral trade agreements; serving as a standing forum for trade negotiations; operating a dispute-settlement mechanism fo …