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Q.

The WTO aims to ____ international trade.


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Detailed Solution

The WTO aims to liberalise international trade.
Liberalisation refers to the removal of trade barriers and restrictions by the government. It is a part of the process of globalisation. The World Trade Organisation, or WTO, was established in 1995. It was established under the initiatives taken by the developed nations to create an accessible environment for foreign trade. The World Trade organisation and developed countries worked towards removing trade barriers from the developing economies to expand trade routes and markets. Although the WTO is supposed to allow free trade for all, the developed nations have unfairly retained their trade barriers.
  
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