Functions and tasks of WTO

Introduction: the World Trade Organization (WT0) is the only international organization dealing with the global rules of international trade Its main function is to ensure the smooth, predictable and free development of international trade The basic goal of WTO is the reliability of international trade, which makes consumers and producers believe that they can reliably get more and more opportunities to choose the finished products, accessories, raw materials and services they need To convince producers and exporters that foreign markets are open to them The ultimate goal of QTH WTO is a prosperous, safe and responsible economic world The WTO's resolution is made on the basis of the unanimous consent of all the Member States and needs the approval of the member states' Congress Trade frictions are guided into the dispute settlement process of WTO The core of the dispute settlement process is to explain the agreements and commitments, so as to ensure that the trade policies of the member countries are consistent with the agreements and commitments of the member countries of WTO, thus reducing the risk of trade conflicts evolving into political or military conflicts By reducing trade barriers, the WTO also reduces other barriers between nations The core of the WTO system known as the multilateral trading system is the WTO agreement negotiated and signed by most trading countries and approved by their respective parliaments These agreements are the basic legal rules of international business They restrict the governments of member countries to limit their trade policies to the agreement for the common interests The QTH WTO agreement is negotiated and signed by the government However, their purpose is to help producers, exporters and importers of goods and services operate better The ultimate goal is to improve the welfare of the people of Member States It achieves this goal through the following ways: ① managing trade rules; ② serving as a place for trade negotiations; ③ settling trade disputes; ④ reviewing trade policies of all countries; ⑤ helping developing countries to formulate trade policies through technical assistance and training programs ⑥ cooperate with other international organizations QTH (author:) share to feed Weibo share to: