What is WTO and it's agreements ?

Question

What is WTO and it's agreements ?

Answer 1

World Trade Organization was established in order that the member countries will cooperate in the elimination or lowering of tariffs so that goods with have low prices.

Answer 2

ITS WORLD TRADE ORGANISATION

AND GO TO http://www.wto.org/english/docs_e/legal_...

FOR AGREEMENTS ..

TC

Answer 3

WTO= World Trade Organization

It was founded to create a global free-market system by reducing trade barriers and increasing international trade.  It sets international rates for trade and specifies quotas, tarrifs, etc. for member nations to abide by.  Basically, it eventually favors the developed nations as they can used their majority votes to force the other members to abide by rules that will ultimatley favor them.