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1.It is an international organisation to promote multilateral trade.

2.It has replaced GATT.

3.It promotes free trade by removing tariff and non-tariff barriers in international trade.

4.It includes trade in goods,trade in services,protection of intellectual property rights,foreign investment,etc.

5.All the WTO members have equal voting rights (One Country,One Vote).

6.WTO has a large Secretariat and huge organisational set up.

7.Unlike International Monetary Fund (IMF) and the World Bank , WTO is not an agent of United Nations.

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13y ago

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