WTO is World Trade Organization. It is an organization which is in favor of increasing the world trade through globalization.

The Aim of WTO:

1. To liberalize International trade by allowing free trade for all.
2. To promote international trade among the countries of the world in an open uniform and non-discriminatory manner.
3. Removal of both the import and export restrictions.

The Drawback of WTO:

1. It is dominated by developed countries.
2. It is used by developed countries to support globalization in areas that are not directly to trade.

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