Question

Does the WTO support tariffs?.

Answer 1

Tariffs and other forms of protection are permitted by the system under certain conditions. It is actually a set of regulations intended to promote honest, impartial, and undistorted competition.

What does the WTO support?

• The World Trade Organization (WTO) is sometimes referred to as a "free trade" organisation, but this is not entirely accurate.
• The WTO's overarching goal is to assist its members in using trade to raise living standards, create jobs, and improve people's lives. The WTO manages the global trade rules system and assists developing countries in increasing their trade capacity.
• The WTO's primary goal is to improve the well-being of people all over the world.
• The founding Marrakesh agreement of the World Trade Organization recognises that trade should be conducted with the goal of raising living standards, ensuring full employment, and expanding global trade in goods and services while allowing for the most efficient use of the world's resources.

To learn more about WTO refer :

brainly.com/question/10593734

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