UGC NET COMMERCE December 2018 Q83
0. Which one of the following is not the basic function of WTO?
- Option : A
- Explanation : Functions of WTO
The Agreement establishing WTO provides that it should perform the following four functions:
∎ First, it shall facilitate the implementation, administration and operation of the Uruguay Round legal instruments and of any new agreements that may be negotiated in the future.
∎ Second, it shall provide a forum for further negotiations among member countries on matters covered by the agreements as well as on new issues falling within its mandate.
∎ Third, it shall be responsible for the settlement of differences and disputes among its member countries.
∎ Fourth, it shall be responsible for carrying out periodic reviews of the trade policies of its member countries.
