Food Standards and Quality Control

Food Standard and Quality Control

Lesson 31 : World Trade Organization

Benefits Of WTO

• It helps promote peace and prosperity across the globe.
• Disputes are settled amicably.
• Rules bring about greater discipline in trade negotiations, thereby reducing inequalities to a large extent.
• Free trade reduces the cost of living and increases household income.
• Companies have greater access to markets and consumers have wider range of products to choose from.
• Good governance accelerates economic growth