| Consider the following statements regarding World Trade Organisation (WTO). |
| 1. It facilitates the implementation, administration and operation of the multilateral trade agreement |
| 2. It provides the forum for negotiations among its members concerning their multilateral trade relations. |
| 3. It cooperate, as appropriate, with the International Monetary Fund and World Bank and its affiliated agencies. |
| Which of the statements given above are correct? |
A) 1 and 2
B) 1 and 3
C) 2 and 3
D) All of these
Correct Answer: D
Solution :
[d] World Trade Organisation is an international organisation which deals with the rules of trade between nations. World Trade Organisation facilitates the implementation, administration and operation and further the objectives of Multilateral Trade Agreements. It provides the forum for negotiations among its members concerning their multilateral trade relations under WTO Agreement. With a view to achieving greater coherence in global economic policy-making, the World Trade Organisation cooperate, as appropriate, with the International Monetary Fund and with the International Bank for Reconstruction and Development world Bank) and its affiliated agencies.
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