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Q.

Choose whether the  given statement is true or false.


Although the WTO is supposed to allow free trade for all, it is noticed that its rules have forced the developing countries to remove trade barriers and developed countries have unfairly retained trade barriers.


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a

True

b

False 

answer is A.

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Detailed Solution

The above statement is true.
The World Trade Organisation (WTO) was created with the main intention to liberalise global trade and ensure that trade between two countries is free of barriers. The organisation has substantial control over the trading rules and agreements and can affect a country's economy to a large extent. However, several criticisms have arisen over time.
 
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