The main objective of WTO is to
ECONOMICS
JAMB 2014
The main objective of WTO is to
- A. ensure adequate protection of infant industries
- B. provide a mechanism for tariff reduction
- C. assist countries with chronic balance of payments problem
- D. assist developing countries to execute developmental projects
Correct Answer: D. assist developing countries to execute developmental projects
Explanation
The world trade organisation has six key objectives some of which are: (1) to set and enforce rules for international trade (2) to provide a forum for negotiating and monitoring further trade liberalization (3) to resolve trade disputes (4) to increase the transparency of decision-making processes (5) to cooperate with other major international economic union
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