Write answers in short:

State the objectives of WTO.

The World Trade Organization (WTO) has six key objectives which are mentioned below.

(i) to set and enforce rules for international trade.

(ii) to provide a forum for negotiating and monitoring further trade liberalization.

(iii) to resolve trade disputes.

(iv) to increase the transparency of decision-making processes.

(v) to cooperate with other major international economic institutions involved in global economic management and,

(vi) to help developing countries benefit fully from the global trading system.