Unit 4.4 · Economic Integration
World Trade Organization (WTO)
AO2
Syllabus Requirement
Examines the WTO’s role in multilateral trade negotiations and its challenges. This includes the objectives and functions of the WTO, the difficulties in reaching agreements on services and primary products, and the unequal bargaining power among member countries.
Assessment Objectives
AO2Application and Analysis
Summary
The World Trade Organization (WTO) aims to facilitate trade among its member countries by promoting fair and free trading conditions. It oversees multilateral trade agreements that help reduce barriers to international trade, while also allowing for bilateral and regional trade agreements that can enhance cooperation between specific countries.