There are various objectives of WTO some of them are:
To study & supervise on a regular basis the operation of revised GATT agreements.
To promote trade throughout the globe.
To Stop trade barriers.
To provide trade review mechanism.
To create goods council, services council, & TRIPS council as subsidiary bodies.
To enhance deals and businesses around the globe fairly without any partiality.
The official website of WTO lays out the following five objectives:
- Trade Negotiations:
Setting up a platform to reach consensus on rules of international trade. - Implementation and Monitoring:
It requires countries to make their trade policies more transparent and in cohesion with the international agreements. It puts mechanisms in place to ensure compliance. - Dispute Settlement:
It acts as a neutral body which would act as an dispute settlement institution to resolve conflicts between nations. - Building Trade Capacity:
WTO uses its considerable resources to build trade capacity of developing countries. - Outreach:
Maintains communication with NGOs and other organizations to receive inputs and disseminate information regarding its workings.