Economics
Fill in the blanks.
WTO was started at the initiative of …………… countries. The aim of the WTO is to …………… . WTO establishes rules regarding …………… for all countries, and sees that …………… In practice, trade between countries is not …………… . Developing countries like India have …………… , whereas developed countries, in many cases, have continued to provide protection to their producers.
Global & Ind Econ
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Answer
WTO was started at the initiative of developed countries. The aim of the WTO is to liberalise international trade . WTO establishes rules regarding international trade for all countries, and sees that they are obeyed. In practice, trade between countries is not fair and free. Developing countries like India have removed trade barriers, whereas developed countries, in many cases, have continued to provide protection to their producers.
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