What is WTO? What are the aim of WTO? What are the drawback of WTO?

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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