[amp_mcq option1=”To facilitate the implementation, administration and operation of trade agreements” option2=”To settle differences and disputes among its member countries” option3=”To facilitate the expansion and balanced growth of international trade” option4=”The carry out periodic reviews of the trade policies of its member countries” correct=”option4″]
The correct answer is D. The carry out periodic reviews of the trade policies of its member countries.
The WTO’s basic functions are:
- To facilitate the implementation, administration and operation of trade agreements.
- To settle differences and disputes among its member countries.
- To provide a forum for trade negotiations.
- To promote the expansion of international trade.
- To act as a centre for harmonizing trade-related rules and disciplines.
- To provide technical assistance to developing and least-developed countries.
The WTO does not carry out periodic reviews of the trade policies of its member countries. This is the responsibility of the World Bank and the International Monetary Fund.