Question

Mention the main function of the World Trade Organisation.

Hint:

Five core functions: administer, negotiate, adjudicate, review, assist.

Answer 1

It implements the Marrakesh Agreement framework (GATT, GATS, TRIPS), offers a rules-based platform to reduce barriers, and resolves conflicts through the Dispute Settlement Understanding. The Trade Policy Review Mechanism enhances transparency. Technical assistance helps developing members integrate into global trade, aligning with IMF/World Bank on coherence in economic policymaking (≈56 words).