Why is it necessary to became a member of WTO?


It is necessary to be a part of World Trade Organization (WTO) because of the following reasons:

1. WTO provides equal opportunity to its member countries to trade in the international market.

2. The member countries of WTO have wider scope to utilize the resources of the world and enjoy greater market accessibility.

3. WTO promotes healthy and fair competition among different producers of different countries by removal of tariff and non-tariff barriers.

4. The member countries having similar economic conditions can raise their voice to protect their common interest.

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