Skip to main content
Super TutorResources
Chapter 20 of 23
QuestionsNotesFlashcardsSummaryFormulasQuizConceptsSyllabusPlan
Revision Notes

World Trade Organisation

ICSE · Class 11 · Commerce

Quick revision notes for World Trade Organisation — ICSE Class 11 Commerce. Key concepts, formulas, and definitions for last-minute revision.

65 questions35 flashcards5 concepts

Interactive on Super Tutor

Studying World Trade Organisation? Get the full interactive chapter.

Quizzes, flashcards, AI doubt-solver and a step-by-step study plan — built for revision notes and more.

Try Super Tutor — Free

1,000+ Class 11 students started this chapter today

Key Topics to Revise

1

1. From GATT to WTO

  • GATT stood for General Agreement on Tariffs and Trade.
  • GATT was established on October 30, 1947 with 23 countries.
  • GATT was an adhoc and provisional institution for multilateral trade.
2

2. Status and Nature of WTO

  • WTO is officially defined as the legal and institutional foundation of the multilateral trade system.
  • WTO has global status similar to that of the IMF and World Bank.
  • WTO is not a United Nations agency.
3

3. Objectives and Features of WTO

  • The main objective of WTO is to reduce tariffs and other barriers to trade.
  • WTO aims to eliminate discriminatory treatment in international trade relations.
  • WTO seeks higher standards of living, full employment, and growth in income, production, and trade.
4

4. Scope and Functions of WTO

  • The scope of WTO includes trade in goods.
  • The scope of WTO includes trade in services.
  • The scope of WTO includes Protection of Trade Related Intellectual Property Rights, or TRIPS.

Get complete notes with diagrams and examples

Full Notes

Key Concepts

GATTThe World Trade Organisation was establishedThe Uruguay Round of GATT negotiationsWTO has global status similarThe WTO covers trade in goods

Frequently Asked Questions

What are the important topics in World Trade Organisation for ICSE Class 11 Commerce?
World Trade Organisation covers several key topics that are frequently asked in ICSE Class 11 board exams. Focus on the core concepts listed on this page and practise related questions to build confidence.
How to score full marks in World Trade Organisation — ICSE Class 11 Commerce?
Understand the core concepts first, then work through the 65 practice questions available for this chapter. Revise formulas and definitions regularly, and use flashcards for quick recall before the exam.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

More resources for World Trade Organisation

All 23 chapters — ICSE Class 11 Commerce Revision Notes

For serious students

Get the full World Trade Organisation chapter — for free.

Quizzes, flashcards, AI doubt-solver and a step-by-step study plan for ICSE Class 11 Commerce.

Try Super Tutor Free
Try the full chapter — Free