Subject: Accountancy
World Trade Organization is known as WTO, a specialized organization of United Nations. The foundation of WTO was developed in 8th GATT (General Agreement on Trade and Tariffs) in Uruguay in 1994. WTO is an international level organization established to manage, regulate and facilitate the global trade by maintaining trade discipline among member nations. It was established on 1st January 1995. It aims to develop trade rules, extend trade and solve trade problems among member countries. It works to maintain a fair and healthy competition among the member nations in their trade activities.
Functions of WTO
The following are the main functions of WTO as specified in its Charter:
SAFTA means South Asian Free Trade Area. It is a new business strategy developed during 10th SAARC Summit held in Kathmandu. SAFTA is a mutual agreement made by SAARC countries to promote the mutual trade and enhance economic cooperation by ensuring the free flow of goods and services among member countries. It came into effect on 1st July 2006 which replaced the earlier SAPTA. It is established to promote regional trade among the SAARC countries which include Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri-Lanka. The main objective of SAFTA is to promote fair competition in trade in SAARC countries to ensure their equitable benefits for economic development.
Functions of SAFTA
The major functions of SAFTA are as follows:
What is the full form of WTO?
The full form of WTO is World trade Organization.
What is the full form of SAFTA?
The full form of SAFTA is South Asian Free Trade Area.
What are the main functions of WTO?
The following are the main functions of WTO:
What is World Trade Organization?
World Trade Organization is an international level organization established to manage, regulate and facilitate the global trade by maintaining trade discipline among member nations
When was WTO established?
World Trade Organization was established on 1st January 1995.
What does WTO aim to?
WTO aims to develop trade rules, extend trade and solve trade problems among member countries. It works to main a fair and healthy competition among the member nations in their trade activities.
What does GATT stand for?
GATT stands for General Agreement on Trade and Tariffs.
When did Nepal become the member of WTO?
Nepal became the member of WTO on 23rd April 2004 AD.
What is SAFTA?
SAFTA is a mutual agreement made by SAARC countries to promote the mutual trade and enhance economic cooperation by ensuring the free flow of goods and services among member countries.
What are the major functions of SAFTA?
The major functions of SAFTA are as follows:
What is the main objective of SAFTA?
The main objective of SAFTA is to promote fair competition in trade in SAARC countries to ensure their equitable benefits for economic development.
Write in short about SAFTA.
SAFTA means South Asian Free Trade Area. It is a new business strategy developed during 10th SAARC Summit held in Kathmandu. SAFTA is a mutual agreement made by SAARC countries to promote the mutual trade and enhance economic cooperation by ensuring the free flow of goods and services among member countries. It came into effect on 1st July 2006 which replaced the earlier SAPTA. It is established to promote regional trade among the SAARC countries which include Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri-Lanka. The main objective of SAFTA is to promote fair competition in trade in SAARC countries to ensure their equitable benefits for economic development.
Write in short about WTO.
World Trade Organization known as WTO is a specialized organization of United Nations. The foundation of WTO was developed in 8th GATT (General Agreement on Trade and Tariffs) in Uruguay in 1994. WTO is an international level organization established to manage, regulate and facilitate the global trade by maintaining trade discipline among member nations. It was established on 1st January 1995. It aims to develop trade rules, extend trade and solve trade problems among member countries. It works to main a fair and healthy competition among the member nations in their trade activities.
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