What is the WTO's goal ?
Answer:
Primarily, the WTO's goal is to increase international trade by promoting lower trade barriers and providing a platform for the negotiation of trade and to their business.
Principles of the trading system:
The WTO discussions should follow these fundamental principles of trading.
1. A trading system should be free of discrimination in the sense that one country cannot privilege a particular trading partner above others within the system, nor can it discriminate against foreign products and services.
2. A trading system should tend toward more freedom, that is, toward fewer trade barriers (tariffs and non-tariff barriers).
3. A trading system should be predictable, with foreign companies and governments reassured that trade barriers will not be raised arbitrarily and that markets will remain open.
4. A trading system should tend toward greater competition.
5. A trading system should be more accommodating for less developed countries, giving them more time to adjust, greater flexibility, and more privileges.
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