The full form of WTO is World trade Organization.

The full form of SAFTA is South Asian Free Trade Area.

The following are the main functions of WTO:

1. To administer and implement the trade agreements
2. To act as a forum for multilateral trade negotiations
3. To seek to resolve trade disputes
4. To oversee national trade policies
5. To co-operate with other international institutions involved in making global economic policy
6. To act as a watchdog of international trade by examining the trade rules of member countries
7. To act as a management consultant for international trade
8. To provide technical assistance and training for developing countries
9. To maintain trade related database

World Trade Organization is an international level organization established to manage, regulate and facilitate the global trade by maintaining trade discipline among member nations

World Trade Organization was established on 1st January 1995.

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.

GATT stands for General Agreement on Trade and Tariffs.

Nepal became the member of WTO on 23^rd April 2004 AD.

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.

The major functions of SAFTA are as follows:

1. To establish a free trade area in South Asia through the elimination of tariffs
2. To form and implement the rules of origin to ensure that the product is manufactured by the country which is desirous to export
3. To allow member countries to prepare a list of products which are to be restricted to import for the protection of national interest
4. To form compensation scheme for the losses of revenue to the least developed member countries due to the arrangement of free trade area
5. To provide technical support to the least developed member countries to promote export competitiveness

The main objective of SAFTA is to promote fair competition in trade in SAARC countries to ensure their equitable benefits for economic development.

SAFTA means South Asian Free Trade Area. It is a new business strategy developed during 10^th 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.

World Trade Organization known as WTO is a specialized organization of United Nations. The foundation of WTO was developed in 8^th 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.