How is WTO significant for the development of the global economy? Being a WTO member, explain the opportunities for Nepalese businesses.
The World Trade Organization (WTO) is important for the global economy because it sets rules for international trade. These rules help make trade fairer and more predictable for all member countries, including Nepal. Reducing Trade Barriers: The WTO works to lower tariffs (taxes on imports), quotas (limits on imports), and other trade barriers. This makes … Read more