• Dr. R. RATHIDEVI

Through commerce and trade a nation or country’s social and political powers would be understood, it should be preserved and maintained lot in a particular channel by some of regulating body to augment its powers and structure. In this channel WTO is an international organized apex body which plays very significant and vital role in promoting and regulating and structuring the international trade and commerce which is happening among and between the several countries without any skirmish, gossip and trade related disputes. WTO has been conducting, regulating, supervising and guiding the trade and commerce activities of the several nations and countries along with its established rules and agreements. Under which all nations and country’s trade and commerce activities have been brought under its established rules and norms for an effective and efficient trade and commerce activities. It is a separate authority is functioning as an independent international body in regulating, enlarging and improvement of the international trade and commerce, entire business and trade are controlled by its established procedures, guidelines and agreements which is made for several country’s trade and commerce prosperity. All import and export activities of all countries would be executed and transacted as per the norms and guidelines of the WTO. Every nation and country have to do its trade and commerce in the prescribed format and styles of the WTO ,in violation of its norms by any one country would be canceled from its organization after getting consent of decision making body and council. General council meeting would be convened two year once to discuss pros and cons of the trade and commerce related issues wherein relevant and suitable agreements and approval would sanctioned by supreme authorities of WTO’s. Due to its role in business and trade activities of each country income ratio, global trade relationships, transnational relationships and harmonized relationships are emerging spontaneously. WTO’s agreements and formalities were made gradually in order to conduct, control and run trade and commerce activities of all the nations and countries in an established and income generating way without any bias.

WTO, Regulation, Formalities, Agrements, Rules, Trade regulation and commerce guidance

"Role of WTO in Promoting and Regulating Commerce and Trade among the nations", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.8, Issue 1, page no.715-721, January-2021, Available :http://www.jetir.org/papers/JETIR2101303.pdf

"Role of WTO in Promoting and Regulating Commerce and Trade among the nations", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.8, Issue 1, page no. pp715-721, January-2021, Available at : http://www.jetir.org/papers/JETIR2101303.pdf