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Q.

Identity which one of the following organisations lays stress on liberalisation of foreign trade and foreign investment?


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a

IMF

b

WTO

c

ILO

d

WHO 

answer is B.

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Detailed Solution

World trade organisation lays stress on liberalisation of foreign trade and foreign investment.
The World Trade Organisation is the successor of the General Agreement on Trade and Tariffs (GATT). The General Agreement on Trade and Tariffs was established in 1948. It has 23 countries as its members. The World Trade Organisation was set up in 1995. It has 164 member countries. The basic aim of the organisation was to make trade between two nations a simplified procedure. India is also a member of this organisation. Our country is taking reasonable steps to liberalise trade.
 
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