Task 3
B. Watch the video “What is WTO?” and choose the correct summary:
https://rutube.ru/video/private/d521210c89560fe093bcaa3c9cfe3e5d/?p=b1wtkvDY4WRFRk4W_rTtGw

  • In the video, it's emphasized that the WTO ensures fair and equal trade practices among all member nations. The organization was established in 1995, with GATT being its predecessor organization. The recent judgment against India in the ICT import tariff case showcases the WTO's role in resolving trade disputes. As global trade agreements evolve, the WTO remains a crucial institution for promoting economic growth and facilitating trade negotiations.
  • In the video, the World Trade Organization (WTO) is discussed as an international organization that promotes smooth and free trade among member nations. With 164 member countries, the WTO plays a critical role in global trade by establishing rules and regulations. The origins of the WTO trace back to the post-World War II era when the General Agreement on Trade and Tariffs (GATT) was signed to liberalize trade. Today, the WTO aims to help its members use trade to raise living standards and improve people's lives.
  • In the video, the focus is on the history and functions of the WTO in promoting global trade. It highlights the importance of trade agreements in raising living standards and creating job opportunities. However, it also mentions the role of the WTO in monitoring trade disputes and ensuring compliance with international trade rules. Overall, the WTO serves as a vital platform for member nations to engage in trade negotiations and resolve trade-related issues.
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