Question -
Answer -
Becoming a member of WTO (World Trade Organisation) is important in many ways as mentioned below:
1. Being a member of WTO, a member country gets equal rights like other member countries to trade in the international market.
2. It provides scope to produce more at a large scale so that it can cater to the needy people across boundaries.
3. WTO will work towards abolishing tariff barrier in order to encourage healthy competition among producers of different countries
4. Member countries of WTO which have a similar economic status can raise voice to safeguard common interests.