Discuss in Detail the World Trade Organization Including How It

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The Answer is The Uruguay Round established the World Trade Organization.Membership presently consists of 157 states.The WTO facilitates international cooperation in opening markets and provides a forum for future trade negotiations and the settlement of international trade disputes.
The normal trade relations principle requires that WTO member states treat like goods coming from other WTO member states on an equal basis.WTO member states are specifically prohibited from discriminating against like products based upon their country of origin.
National treatment prohibits WTO member states from regulating,taxing,or otherwise treating imported products any differently than domestically produced products.
Article XI prohibits quantitative restrictions imposing limits on the importation of certain products on the basis of the number of units,weight,or value,for national economic reasons,or for the protection of domestic industry.
Dumping is the practice whereby an exporter sells products in a foreign state for less than the price charged for the same or comparable goods in the exporter's home market.Article VI condemns dumping if it causes or threatens to cause material injury to an established industry.

Discuss in Detail the World Trade Organization Including How It

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