Well, without trade, you would have to find/produce/beg for everything you need or want all by yourself. It is very difficult to live without at least some trading.As for disadvantages, well this is...
Joining the World Trade Organization (WTO) could offer Iran several advantages, such as increased access to global markets, enhanced foreign investment opportunities, and improved trade relations that could boost its economy. However, disadvantages may include the need to adhere to international trade rules that could limit Iran's ability to protect certain domestic industries and require significant economic reforms. Additionally, the political climate and ongoing sanctions could complicate Iran's efforts to fully benefit from WTO membership.
the WTO has no scope... lol
world trade organization
THE FULL FORM OF WTO IS WORLD TRADE ORGANISATION.IT CAN BE DEFINED AS INTERNATINAL ORGANISATION WHICH IS DESIGNED TO SUPERVISE ALL INTERNATIONAL TRADE ACTIVITES.
succeeded in reducing some barriers to international trade
To assure that international trade flows smoothly and freely
The WTO (World Trade Organization)
To promote free trade around the world
The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations. At its heart are the WTO agreements, negotiated and signed by the bulk of the world's trading nations and ratified in their parliaments.
The initials for the global trade organization are WTO, which stands for the World Trade Organization. The WTO is responsible for regulating international trade and ensuring that trade flows as smoothly, predictably, and freely as possible among nations.
Resolving international trade disputes.
An international body founded in 1995 to promote international trade and economic development by reducing tariffs and other restrictions.