The main objective of WTO is to?

A. ensure adequate protection of infant industries
B. provide a mechanism for tariff reduction
C. assist countries with chronic balance of payments problem
D. assist developing countries to execute developmental projects

Correct Answer:

Option D – assist developing countries to execute developmental projects

Explanation

The world trade organization has six key objectives some of which are:

(1) to set and enforce rules for international trade
(2) to provide a forum for negotiating and monitoring further trade liberalization
(3) to resolve trade disputes
(4) to increase the transparency of decision-making processes
(5) to cooperate with other major international economic union