Answer:
Arguments
in favour of World Trade Organisation (WTO) arc
(i) WTO acts- as an administrator for
the trade agreements amongst different member countries, ensuring that they are
competitive.
(ii) It settles any disputes that arise in these agreements by acting as
an arbitrator.
(iii) It acts as a forum for trade negotiations so that
the member countries arrive at a mutual understanding over the trade
agreements.
(iv) It monitors the national trade policies of member nations
to ensure that unfair trade practices are not followed.
(v) WTO provides technical assistance and training to developing
economies for framing, trade policies, regulations and laws.
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