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Q.

WTO was formed in 1995 to facilitate ____ trade.


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Detailed Solution

WTO was formed in 1995 to facilitate international trade. It is a bilateral and multilateral trade. WTO starts various rules and regulations regarding trade between two or more nations to inspect whether the formed laws are being implemented or not. 164 countries are currently members of WTO. In addition, it is seen that though the organization aims at facilitating international trade, it is quite partial to the developed nations. It is observed that the developed nations have imposed some trade restrictions on imports, but developing countries are forced to remove them.
 
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