Why is it necessary to become a member of WTO?

It is important for every country to become a member of 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 utilise the resources of 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 voice to protect their common interest.


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