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  • ICAR and TNAU E-Course Summarized

    Summarized Notes
  • The Headquarters of World Trade Organisation is in:

    Question: The Headquarters of World Trade Organisation is in:

    Options:

    Montreal
    Seattle
    Geneva
    The Hague

    🔑Key Points:
    WTO is an international organization set up in 1995 by replacing the General Agreement on Trade and Tariffs (GATT) under the Marrakesh Agreement.
    The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations.
    The WTO has 164 members (including European Union) and 23 observer governments (like Iran, Iraq, Bhutan, Libya etc).
     Its HQ is located in Geneva, Switzerland.
    Currently, WTO has 164 members and India is a founding member of WTO.
    Currently, the head (Director-General) of WTO is Roberto Azevedo.

     🛑Important Points:
    Objectives of WTO
    To formulate and implement rules for international trade.
    To provide a platform for negotiating and monitoring further trade liberalization.
    To provide a platform for the settlement of disputes.
    Providing assistance to the developing, least-developed, and low-income countries in transition to adjust to WTO rules and disciplines through technical cooperation and training.
    To cooperate with the other major economic institutions (like UN, World Bank, IMF, etc) involved in global economic management.

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