Q. World trade organisation (WTO) as a multilateral body is facing challenges on various counts. In this light discuss the relevance of WTO and also suggest suitable reform in its functioning.

Structure of the answer: Introduction (about WTO) Challenges faced by WTO Relevance of WTO Reform in functioning of WTO Model Answer WTO was set up under Marrakesh Treaty (1994) and as an organization aim to improve living standards, generate employment, and expand global trade. However, in recent years WTO is facing challenges on various counts such as: ConsensusContinue reading “Q. World trade organisation (WTO) as a multilateral body is facing challenges on various counts. In this light discuss the relevance of WTO and also suggest suitable reform in its functioning.”