The 5 Most Important Functions of the World Trade Organisation are given below:
1. The WTO shall facilitate the implementation, administration and operation, and further the objectives of this Agreement and of the Multilateral Trade Agreements and shall also provide the framework for the implementation, administration and operation of the Plurilateral Trade Agreements.
2. The WTO shall provide the forum for negotiations among its members concerning their multilateral trade relations in matters dealt with under the agreements of GATT. The WTO may also provide a forum for further negotiations among its Members concerning their multilateral trade relations, and a framework for the implementation of the results of such negotiations, as may be decided by the Ministerial Conference.
ADVERTISEMENTS:
3. The WTO shall administer the understanding on Rules and Procedures Governing the Settlement of Disputes.
4. The WTO shall administer the Trade Policy Review Mechanism (TPRM).
5. The WTO shall co-operate as appropriate, with the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (IBRD) and its affiliated agencies to achieve greater coherence in global economic policy-making.