Which two of the following are the function of WTO

a) To facilitate the implementation, administration and operation of trade agreement 

b) To carry out periodic reviews of the trade policies of its member countries 

c) To assist in the establishment of a multilateral system of payments 

d) To promote international monetary cooperation 

Choose the correct option from the following: 

Functions of the World Trade Organisation:

At the heart of the Organisation are the WTO agreements, negotiated and signed by the bulk of the world’s trading nations. The goal is to help producers of goods and services, exporters, and importers conduct their business. The WTO’s overriding objective is to help trade flow smoothly, frets, fairly, and predictably.

With these objectives in mind, we can state the following six specific functions:

1. It shall facilitate the implementation, administration, and operation of the WTO trade agreements, such as multilateral trade agreements, plurilateral trade agreements.
2. It shall provide a forum for negotiations among its members concerning their multilateral trade relations.
3. It shall administer the ‘Understanding on Rules and Procedures’ so as to handle trade disputes.
4. It shall monitor national trade policies.
5. It shall provide technical assistance and training for members of the developing countries.
6.  It shall cooperate with various international organizations like the IMF and the WB with the aim of achieving greater coherence in global economic policy-making.

The WTO was founded on certain guiding principles—non-discrimination, free trade, open, fair and undistorted competition, etc. In addition, it has special concern for developing countries.

WTO does not assist in the establishment of a multilateral system of payments or to promote international monetary cooperation rather it cooperates with the various international organization in global economic policy-making.