Choose if the given statement is True/False:

The World Trade Organisation(WTO) is an organisation that aims to liberalise trade among nations

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True

False

answer is A.

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Detailed Solution

The above statement is True.
The World Trade Organisation(WTO) is an organisation that aims to liberalise trade among nations. It sets rules for international trade and works for the open and non-discriminatory exchange of goods and services among nations without any trade barriers. It also provides technical assistance to developing countries and resolves trade disputes among nations. It forms rules for the smooth trade of goods and services among economies and the world market. But, most developed countries need to follow the rules more strictly and still use trade barriers.

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