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Q.

WTO was formed to ____ world trade.


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Detailed Solution

WTO was formed to Liberalise world trade.
The World Trade Organization, or WTO, was established to liberalise international trade. It started in 1995. It was created to promote free commerce and get rid of trade restrictions. Additionally, it created guidelines for foreign trade and monitored their adherence. 164 nations from across the world are WTO members at the moment. However, it is clear that wealthy nations have a firm grip on the WTO and frequently use it to seize control of developing nations' markets. It forced many developing countries to lower their trade barriers in exchange for financial aid.
 
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