What is international Trade Organization and What is its objectives

International Trade Organization is the main international body, which was established with the aim of reducing tariffs, promoting the production, exchange and consumption of goods so as to increase international trade

The main objectives of International Trade Organization include

• to set and  enforce rules for international trade,
• to provide a forum for negotiating and monitoring further trade liberalization
• to resolve trade disputes,
• to increase the transparency of decision-making processes,
• to cooperate with other major international economic institutions involved in global economic management, and
• to help developing countries benefit fully from the global trading system.