What is world trade organization

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Reference no: EM133404001

Assignment:

Background What is WTO (World Trade Organization)? Why was WTO formed? How old is WTO? Take a side (one of the two): (1) For WTO: - Because of WTO, the world trade has accelerated in the last few decades.

- WTO acts as a watchdog to prevent trade conflicts among nations.

- WTO promotes bilateral trade between different countries.

- There is need for WTO to be empowered by the world's nations to be an effective enforcement entity.

- WTO has actively supported the implementation of major regional trade agreements, such as NAFTA, BRICS or EU.

Reference no: EM133404001

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