Functions of WTO

The WTO shall facilitate the administration and implementation of multilateral and plurilateral trade agreements which together make the WTO The WTO provide the forum for negotiation. Seeking to resolve trade disputes. Overseeing national trade policies. they undergo periodic scrutiny of their policies and practices multilateral trade

It cooperate with other international institutions involved in the global economic policy- making.
It communicate information to the public about the developments in WTO through its publications and websites. Technical assistance and training for developing countries To provide a platform to member countries to decide future strategies related to trade and tariff.

Benefit of WTO

It helps promote peace and prosperity across the globe. Disputes are settled amicably. Rules bring about greater discipline in trade negotiations, thereby reducing inequalities to a large extent.

Free trade reduces the cost of living and increases household income.
Companies have greater access to markets and consumers have wider range of products to choose from. Good governance accelerates economic growth