Which organisation looks after the liberalisation of foreign trade?

see full answer

Your Exam Success, Personally Taken Care Of

1:1 expert mentors customize learning to your strength and weaknesses – so you score higher in school , IIT JEE and NEET entrance exams.

An Intiative by Sri Chaitanya

WTO

MNC

RBI

Commercial bank

answer is A.

(Unlock A.I Detailed Solution for FREE)

Best Courses for You

JEE

NEET

Foundation JEE

Foundation NEET

CBSE

Detailed Solution

WTO(World Trade Organisation) looks after the liberalisation of foreign trade.
The WTO (World Trade Organisation) is a powerful international organisation of trade. It aims to liberalise international trade across the globe. It establishes its own set of rules for the countries involved in international trade and sees that everyone obeys them. The WTO aims to facilitate the free flow of trade across different countries, but in practice, it is seen that several developed countries have unfairly retained trade barriers. It is also responsible for any disputes occurring between countries and supports the concept of peace for every single country that is part of the WTO. Many countries are part of this organization, such as the USA, India, etc.

Watch 3-min video & get full concept clarity